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worchyld
17-12-2005, 11:04 AM
I'm completing a VAT de-registration form, it asks:


Please estimate the total gross value including VAT of the stocks and assets you have on hand for which VAT is due


What does this mean? Does it mean the amount we paid to the VAT man? Does it mean the total income or the total outgoings? Does it mean profit/loss?

We don't have any stocks and don't have any assets that I am aware of; we only have invoice income.

How do I estimate the total gross value including VAT of the stocks and assets we have on hand for which VAT is due?

Thanks.

James Smith
17-12-2005, 11:36 AM
If you donít have any stock or very unusually any assets (eg computers - your PC would normally be a business asset) then the answer will by definition be zero.