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Gross P&L

To run a gross profit and loss inclusive of VAT, if a company is hoping to fall under the VAT threshold, the current P&L is shows net of VAT requiring manual calculations however some sale items are exempt which can get complicated, & if the company will not be reducing their prices should they no longer need to be VAT registered they would need to see our actual turnover in a rolling 12 months.

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  • Jan 3 2023
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