Re: I Don't Understand The Logic ....
"If you are billing VAT registered companies, the VAT you "collect" is simply claimed back by the company paying your invoice, so the net gain to HMG is nothing."
WRONG - it depends on the business sector and the VAT rules relating to the products sold. Financial Services are VAT exempt, so businesses engaged in selling Financial Services cannot reclaim the VAT they are charged on goods and services supplied to them, so that is a massive gain by HMRC
Biting the hand that feeds IT
