Commentary

Capital goods scheme

10 Czech Republic
10 Czech Republic | Commentary

Capital goods scheme

10 Czech Republic | Commentary

Capital goods scheme

Capital goods are items of capital expenditure that are used by the business for a number of years. Input VAT is recovered when the business acquires the assets, and the amount that is recovered depends on whether the business is fully taxable or partly exempt. Partly exempt businesses must use their partial exemption recovery percentage ('the coefficient') to determine the amount of VAT that can be recovered on a capital item during the adjustment period. If the business's partial exemption recovery percentage changes over the adjustment period, the amount of VAT recovered on the capital item needs

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