not vat registered

jaycee401 | 17:13 Wed 29th Jul 2009 | Business & Finance

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if your company is not vat registered do you still have to show the vat element on your cash book?

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You mean on the purchase ledger, I suppose.
There's no particular reason to do so since the VAT cannot be offset anywhere.

Question Author

yep purchase ledger, thanks for quick reply

You don't have to.

Some people choose to do so and have a VAT expense heading but most don't.

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