I have a query about a question I have come across in my studies regarding a subcontractor accounting for their VAT on sales. They have 0% vat rate on sales. They invoiced the principal contractor as follows
Total €1000
Less RCT 20%. €200
Balance due €800
Does the company include amount before or after rct in the vat return?
Total €1000
Less RCT 20%. €200
Balance due €800
Does the company include amount before or after rct in the vat return?