Hi,
One of my client buying charcoal from Indonesia and supplying charcoal to restaurants. He is paying 20% vat at the port and charging 5% reduce rate vat from his client ( Restaurant ). Did he charge correct vat to his customers? Recently, client, had a vat compliance visit an officer asked to send a description of the business so that he will identify that correct vat rate charged to the customers.
Can anyone help me to describe his business correctly for vat point of view? or advise me what description of business fall under reduce and standard rated.
I have gone though HMRC website but could not able to find clear information.
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