In the UK it will depend on whether the property has been opted to tax. It is up to the owner of a property whether they opt to tax or not. Once the option has been made then VAT will be charged on the rent and the owner can reclaim the input tax on any expenses. The option will stay in place for 20 years. You cannot opt in and out of charging VAT.
If you are paying rent it is a debit. If you are a landlord receiving rent its a credit.
rent due to landlord
Deferred rent payable is the sum of the difference between a monthly rent payment and the monthly rent expense of an operating lease that contains escalated payments in future periods. The rent expense is the sum of all rent payments over the term of the lease divided by the number of periods contained in the lease otherwise known as straight-line amortization. This rent expense amount can/may differ from the monthly rent payments. The difference is deferred rent payable.
Personal rent...no.
The Rose Rent was created in 1986.
François Vatable died in 1547.
100
no
No, only the disounted amount is Vatable, the cash discount is not a vatable supply, therefore no VAT is payable on it.
Well I know when there is a D next to the item, it means that item is non-vatable, so when there is a V I would say it means the item is vatable.
Yes, if sales is VAT EXCLUSIVE
sand is vatable goog @ 5%
Rent or lease
Rolling the rent is rent roll....
Rolling the rent is rent roll....
Rent what?
what is the rent