Goods written off. Do I have to adjust the VAT?
on September 6, 2023
with No Comments
If your company no longer has any use for some of its investment goods, it can decide to scrap or landfill them. But be careful. The destruction of such goods forming part of your company’s assets must be duly proven or justified, and only the destruction of an asset decided on because of the objective loss of use of that asset can be taken into consideration.