Quarterly report pursuant to Section 13 or 15(d)

VAT RECEIVABLE

v3.22.2.2
VAT RECEIVABLE
9 Months Ended
Sep. 30, 2022
Vat Receivable  
VAT RECEIVABLE

NOTE 3 – VAT RECEIVABLE

 

On January 1, 2021, VAT rules relating to imports and exports between the UK and EU changed as a result, of the UK’s departure from the EU, (“BREXIT”). For the nine months ended September 30, 2022 and the year ended December 31, 2021, the Company recorded a receivable in the amount of $355,118 and $491,417, respectively, for amounts available to reclaim against the tax liability from UK and EU countries.