Input VAT refers to the Value Added Tax (VAT) a business pays on goods or services purchased for business use. It is the VAT charged by suppliers on items or services the business needs to produce its...

The P85 form is a document used in the UK for tax purposes when an individual leaves the country. It is submitted to HM Revenue and Customs (HMRC) to: This form is particularly useful to ensure your...

The purchase ledger records and tracks all purchases and related financial transactions with suppliers...

This typically includes customers who have received goods or services but have not yet paid for them...