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VAT Input

During a VAT period, a business, which is registered in the VAT Register will purchase goods for their business, these purchases will usually have vat added to them, these figures in the VAT settlement, a business will deduct their input VAT from output VAT to find out their tax position at the end of the quarter.

As long as a user is adding their expenses into the system, the system will automatically do this calculation for you so, at a glance you will always know what your tax position is at the end of each quarter.