Tag Archive: Output VAT

VAT payable (output VAT)

mreurodiscofinanceblog February 24, 2016 3 Comments

VAT payable is also called output VAT and is found on invoices you are sending to the customer. Or in other words output VAT is found on invoices going out from your company. When you sell something to a customer and send a…
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Accounting, VAT

Output VAT

Sales tax

mreurodiscofinanceblog February 24, 2016 1 Comment

Sales tax is a tax that is applied on top of the price on a product or a service. VAT is an abbreviation of Value Added Tax. The sales tax is based on the turnover. In Sweden, as an example,…
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VAT

Output VAT, Sales tax