Record of Services
There are some services that account for different VAT Rates as stated under Section 26 of the VAT Act. For example, some services account for a Reduced VAT Rate (10%) whereas others are deemed at standard Rate of 17% .You must keep a detailed account of the services for which you are reclaiming VAT. Your records must show:
- a description of the services and the dates when you received them
- whether any services you received relate to goods you disposed of after you were registered for VAT
