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RodneyA814
RodneyA814,
Category: Tax
Satisfied Customers: 110
Experience:  Expert
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I have been collecting VAT on invoices whilst my VAT

Customer Question

I have been collecting VAT on invoices whilst my VAT application was being processed as we had hit the threshold. It now appears we are exempt from VAT. What do I do with the VAT collected?.
Submitted: 11 days ago.
Category: Tax
Expert:  RodneyA814 replied 11 days ago.

Hello there,

You have to refund the VAT to your customers.