This was principally because the subject of the appeal, which had been deducted of the output VAT.

The output VAT is being collected from the customer by the business on behalf of Customs & Excise and must be regularly paid over to them.

The officers had entered a written claim with HM Customs for repayment of past years' output VAT on Zoo admissions.

Should excess input VAT be obtained in a particular month, it shall be offset by output VAT obtained during the following months until it is exhausted.

The VAT Law follows a debit / credit system, and input VAT may be offset by output VAT.

It's not always possible to calculate each quarter's VAT liability simply by deducting the Input VAT on purchases from the Output VAT on sales.

VAT that is charged by a business and paid by its customers is known as output VAT (that is, VAT on its output supplies).

The VAT on the gross payment is the output VAT and the VAT on the administration charge is the input VAT.

When a supply is zero-rated, it means that the supply falls within the scope of the VAT Act, but output VAT shall not be calculated as the rate is zero.

Input VAT is recovered by setting it against the output VAT for which the business is required to account to the government, or, if there is an excess, by claiming a repayment from the government.

Additionally, the figures above are to be used for VAT purposes when reclaiming VAT on expense payments to employees, and for the output VAT on the deemed supply where the employee is making good private mileage.

The goods are sold at a loss to a company in the same Member State, which in turn sells the goods on to another company established in that State, paying the output VAT invoiced to the tax authorities, after deduction of the input VAT paid.

• is not obliged to charge VAT on his outputs (e.g. schools, banks, insurance companies, small businesses under the registration threshold etc). A taxable person whose input VAT exceeds his output VAT is entitled to a refund of the excess from his national treasury.

If you have over declared output VAT or HMRC has included too much output VAT in an assessment, you can make a claim for a credit.

This helps you prove that the goods left the country and that you do not have to pay any output VAT on them.