VAT payback and clawback rules

VAT Payback and Clawback: How to Handle Changes in Business Use

VAT Adjustments: Understanding Payback and Clawback Rules Even with the best planning, business intentions can change — and with VAT, that means adjustments may be needed. HMRC’s “payback and clawback” rules ensure VAT claims reflect actual use, not just initial intentions. These rules only affect input tax (VAT on purchases), and can require businesses to either reclaim more VAT […]