Traders will not have to pay IVA until they have received the money from the client
Saturday, March 2, 2013 @ 10:13 PM
COMPANIES and self-employed persons will no longer have to pay the IVA associated with invoices they issue to customers until they themselves have been paid. A new law due to be passed, once it has been approved by the European Commission, states that if an invoice is never paid the IVA will not become payable by the issuer. The only condition is that the company's or self-employed person's turnover is less than two million euros a year.
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