VAT recovery in deal related cost

What's the VAT recovery position in a deal related cost when deal is cancelled and there is no supply against which to recover cost?



24/02/2020 10:14:43
Nusrat Abbas24/02/2020 11:57:01

Such cost will be treated as Business Development either deal is cancelled, VAT is still recoverable. Expenses incurred in order to run the business same like other operating cost and VAT is allowed to recover.

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