Finance

Can I claim VAT for food?

Can you claim VAT for food? Generally, VAT on food is not reclaimable for most businesses or individuals, as many food items are either zero-rated or exempt from VAT. However,…

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What happens if I don’t file VAT?

If you don’t file VAT (Value Added Tax), you may face penalties, interest charges, and potential legal action. It’s crucial to comply with VAT regulations to avoid these consequences and…

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What happens if you don’t declare VAT?

If you don’t declare VAT, you may face significant consequences, including fines, penalties, and legal action. It’s crucial to understand your obligations and ensure compliance to avoid these issues. This…

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