For questions related to Value Added Taxes (VAT). For specific questions, consider adding a country- or region-specific tag, e.g. European Union.

learn more… | top users | synonyms

-2
votes
1answer
25 views

VAT & Tax implications of selling software

I'm having a major problem trying to find out how tax and VAT works when it comes to selling software. I believe new legislation has come in regarding how it all works. I am based in the UK and want ...
3
votes
1answer
172 views

US VAT refund, can it be claimed at a later date?

I was in NY recently,about 3 weeks ago and purchased a Macbook Pro from the Apple Store. I was unaware that I could claim a tax refund at the airport so didn't claim it as yet. I do have my receipt ...
1
vote
1answer
46 views

VAT listing on repair job

This is a question on consumer law and trading standards in the UK. I appreciate it may be a grey area. A few weeks ago I took a sail to be repaired in a local sail loft. I asked for the price and ...
-2
votes
1answer
71 views

Should I charge VAT on a customer who is VAT registered in a EU country? [closed]

I hope the title explains it all. I supply goods which are taxable in UK. If the EU customer is not taxable, should I zero rate it or is the transaction outside the scope of VAT ?
0
votes
0answers
35 views

UK VAT Rounding issue

I calculate VAT per line on invoices. Manager sets prices in gross instead of net so occasionally come across rounding issues like the follow: 9.375 + 1.875 = 11.25 Displayed as 9.38 + 1.88 = 11.25 ...
2
votes
1answer
47 views

UK Ltd taxation on stocks/bonds income and real estate rent income

If I got it, the main tax an UK Ltd has to pay is the corporate tax, which is about 20% of the total income of the company. This income include income derived from bonds, stocks, mutual funds ...
0
votes
1answer
47 views

VAT in daily rate

I see on job sites many contract positions with certain hourly or daily rate. Are those numbers normally include the VAT?
0
votes
0answers
77 views

Getting a Korean VAT Number without Physical Presence

How do you get a business taxation number (specifically VAT number in Korea) as a sole-proprietor without having a physical presence there or an individual identifier (resident registration number in ...
2
votes
1answer
107 views

VAT on refundable deposit

I have recently signed contract to let small office space, agreeing to pay the refundable deposit to cover any damage I would make. The company issued the invoice for the deposit including 20% VAT. ...
2
votes
1answer
69 views

VAT on Web Services outside EU?

Do I have to collect VAT for web services as an EU based company (Austria) from customers outside the EU?
0
votes
1answer
395 views

VAT and duties payable when importing personal goods from Switzerland and the Channel Islands to the EU?

Switzerland is a pretty murky one: it's part of the Schengen zone (so there are no physical borders) but it's not part of the European Union Customs Union so you have to pay duties when exiting and ...
5
votes
1answer
164 views

What is involved in becoming vat registered in the UK? any advice?

I'm a self employed web developer working in London, UK. Currently I'm not VAT registered but am approaching the current VAT threshold. I'm wondering if anyone knows what is involved in becoming VAT ...
-1
votes
2answers
98 views

In what order are taxes applied

Lets say we have a product that costs 100$ (net price). This product has 3 taxes that must be applied to it: 2 percentage taxes (e.g. 17% and 20%) and one fixed amount tax (e.g. +10$). My question is ...
2
votes
2answers
184 views

Sage Instant Accounts or Quickbooks?

I am a small business, single employee IT contractor looking for accounting software to do my annual returns and vat returns in the UK. I've researched a bit about QuickBooks and Sage Instant ...
0
votes
2answers
702 views

VAT and German freelance working on international project

I am a freelance in Germany ("freiberufler" is the term here). I have developed a website for a Spanish company and I have written them a bill for it. Now they are trying to put their finances in ...
3
votes
2answers
100 views

How to deal with VAT when traveling from US to Europe?

I am going to be traveling to Europe (Paris, London, and Rome) for the first time. I have only heard of VAT and I am not sure I truly understand it. What do I need to know about it and how do I keep ...
5
votes
3answers
2k views

Quotes for work by a tradesman in the UK: rules for VAT?

If I receive a quote for work from a tradesman, and this quote is supplied as a document (PDF) which does not mention VAT as being either includes or excluded, can the tradesman later say that it ...
2
votes
3answers
305 views

I am a contractor with revenue below UK's VAT threshold. Should I register for VAT?

I am an IT contractor based in London. I understand that there is a threshold for VAT of £73,000. In my current business, I have not exceeded that threshold as of yet but expect to within the ...
1
vote
3answers
790 views

Can used books bought off Amazon be claimed as a tax deduction in Australia?

I recently bought some used books on Amazon. The books are directly related to what I do for a living. In Australia, I know that if you have the receipt for books like that, you could claim it as a ...
6
votes
1answer
319 views

How does a Value Added Tax (VAT) differ from a Sales Tax?

A common trend by many governments has been to introduce a Value Added Tax to replace a Sales Tax (as evidenced by the multitude of HST related questions on this site). How do these types of taxes ...
4
votes
1answer
267 views

What items are exempt from the VAT? [U.K.]

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Also as a non-UK resident is there a way to get a rebate/reimbursement on this tax?
2
votes
1answer
731 views

What are the tax liabilities for an international transaction?

I have website for which I have set up a sponsorship scheme for (see my profile if you're interested). With this scheme, some individual or company can choose to sponsor X or Y amount and that gives ...