Disbursements and expenses: VAT and its application

Legal Futures
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The legal profession is no stranger to the complications of legal accounting rules. In the past few months, law firms UK wide have been getting to grips with revisions to existing accounts regulations. Now, with recent developments in case law, not least the judgment made in Brabners LLP v HMRC, treatment of VAT for disbursements and expenses has been brought into the spotlight.

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