Output VAT is the value added tax you calculate and charge on your own sales of goods and services if you are registered in the VAT Register. Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT.
Output VAT is the value added tax you calculate and charge on your own sales of goods and services if you are registered in the VAT Register. Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT.