Willey and her husband, Ed, were Democratic activists who founded Virginians for Clinton and helped send Bill and Hillary to the White House in 1992. While serving as a volunteer in the White House and facing financial hard times, Willey says she met with Bill Clinton in the Oval Office to request a paying position.
A VAT sales receipt is a normal invoice given by a VAT registrant supplier to a recipient who is not registered for VAT, indicating that a sale was made or service rendered. It is a normal business invoice indicating a notice of an obligation which includes the VAT on the goods and services provided. P URPOSE The purpose of this guide is to explain: a) what is a VAT invoice; b) what is a VAT sales receipt c) who should issue VAT invoices and VAT sales receipts; d) The legal requirements for issuing a VAT invoice or VAT sales receipt. 2 O VERVIEW A VAT invoice is one of the most important documents in a VAT scheme.
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to. allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against. the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added to raw materials, but. taxpayers will receive credit for tax already paid on procurement stages. Thus, VAT will be. without the problem of double taxation as prevalent in the earlier Sales tax laws.