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A-Z of Tax and Accounting terms: O is for…

by ClearwaysAccountants | Aug 21, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice

Outputs and Overnight Expenses Outputs Part of the terminology relating to VAT.  Outputs are your sales and inputs are your purchases. When you complete your VAT return your sales will be included in box 6 (excluding VAT) the VAT on your sales will be included in box...

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