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VAT: Prompt payments discounts (PPD) Legislation Changes

VAT: Prompt payments discounts (PPD) Legislation Changes VAT: Prompt Payments Discount (PPD) Legislation Changes April 2015 From 1st April 2015, businesses must account for VAT on the full consideration received for supplies of goods and services. Therefore invoices must calculate VAT with no reduction for Prompt Payments Discounts (PPD). Where a discount is subsequently taken, …

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