Glossary entry

Polish term or phrase:

pozycje pozostające na saldzie podatku vat

English translation:

VAT balance items

Added to glossary by Kamila Ołtarzewska
Sep 14, 2023 12:00
8 mos ago
14 viewers *
Polish term

pozycje pozostające na saldzie podatku VAT

Polish to English Bus/Financial Law: Contract(s) VAT
Wpis w tabeli, niestety doprecyzowania brak
Change log

May 21, 2024 13:36: Kamila Ołtarzewska Created KOG entry

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VAT balance items

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4 hrs

VAT balancing adjustments

UK: balancing allowance = credit vs. balancing charge = debit. Normally used in the UK for capital allowances e.g. depreciation of tangibles and intangibles.
Example sentence:

A balancing item is an accounting construct obtained by subtracting the total value of the entries on one side of an account (resources or changes in liabilities) from the total value of the entries on the other side (uses or changes in assets).

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