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If your firm is holding client funds in a general account from which your practice now gains significant interest, you need to consider whether you should be recovering all your business VAT. You could owe HMRC more than you think. Find out more below.

You can also download our VAT Partial Exemption Analysis calculation template here.  It will help you to determine how VAT should be treated at year-end.

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McBrides Chartered Accountants