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  That's right Peter, but it's a tax upon the consumer. Certainly a company is able to claim some of the cash raised to offset the VAT itself has paid, but the bulk of it is never company money. I'm sure a company cannot offset it's liability through such shenanigans that are employed to reduce other taxes.
  Although a company is but a conduit for this tax, the Government money has to sit somewhere accruing interest for the time between collection and payment, so there is some reward.
  
  I note that we both fall into the habit of discussing VAT in terms of 'liability', and I think we both fail in that regard. Liability infers that there exists a range of options. With VAT there are none, from private purse to public coffer the money is always HMRC's money.

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