Questions tagged [vat]
For questions related to Value Added Taxes (VAT). For specific questions, consider adding a country- or region-specific tag, e.g. European Union.
100
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Are moving services from the EU to outside the EU subject to VAT?
I'm moving my household from Austria to Canada and have sourced several quotes from international moving companies based in Austria. The quotes are very different as to how they treat VAT:
Some of ...
- 229
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0
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24
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Outside EU provision of consultancy to EU country, is EU VAT due?
I'm self employed in the UK. I work as a sole trader and am not VAT registered.
I have a client in the EU (Belgium) who I'll be doing some consultancy and technical services (e.g. requirements ...
- 101
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30
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Where is VAT collected if a private Non-EU person sends an invoice to a EU company?
my online research did not yield any meaningful results for my situation, so i hope to find someone who has expert knowledge or had a similar situation:
I live in Taiwan now using a so called 'Gold ...
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169
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How to calculate Municipality fee, Service charge, and VAT for restaurants in Dubai
Restaurants in Dubai charge Municipality fee, Service charge, and VAT.
Let's say all Prices are inclusive/exclusive of 10% service charge, 7% Municipality fee and 5% VAT.
How can I calculate this? ...
- 1
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0
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47
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Do I apply VAT charges on my invoice?
I am a consultant and did some work for a company in Norway.
Until now I have worked with companies that are registered on VAT (in other European countries) and I am informed by my accountant to add 0%...
- 111
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0
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25
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Does a USA company that does business with a European Union country like the Czech Republic pay Vat on services rendered
Should an EU based country like the Chzech Republic charge VAT to services rendered to a USA based company? These would be IT related services.
An example would be DBA work, let's say charged at $20 ...
- 101
2
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0
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46
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Reclaiming VAT on temporary scientific import from CAN to UK
I've arranged for the airfreight import via fedex of a used tablet computer to the UK from Canada. It's required to run a scientific instrument for ~2.5 months on a field campaign in Antarctica. I am ...
0
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1
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58
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Do you pay VAT for a b2b between a EU country and a candidate EU country (Albania)?
As a self-employed in Albania, I want to have a business-to-business (b2b) relation (I will sell them my service) with an Austrian company. Does the Austrian company have to pay VAT in Austria for my ...
- 103
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1
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68
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VAT for imports from UK to EU for private customers after Brexit
Suppose I am a private person living in an EU country (in my case in Germany) and I want to order some products from a shop resided in UK. Suppose that I request the product via email and the UK shop ...
- 121
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1
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188
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settling VAT in gnucash
I don't think I completely get how gnucash handles VAT.
I'd like to settle the VAT account in gnucash. Each quarter the governments sends a bill of the total VAT owed (VAT on sales - VAT on purchases)
...
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107
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Do I need to pay VAT when customers buys electronic tokens? UK
I run a website where customers can buy 'Tip Packs' and then spend these Tips on the site.
The packs are a straight conversion - £10 = £10 worth of Tips to spend on the site.
My question is, do I need ...
0
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1
answer
53
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VAT/Duties Import to UK from USA
I have just had a VAT/Duties bill for something from the USA. I was expecting it, but it was a lot higher than I thought.
It is a board game.
It was in a sale on the USA website (the company that ...
- 153
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1
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80
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VAT for SaaS in the European Union
Supposed there is a company of type "limited liability" with VAT-number based in Germany.
Now this company found a customer in France for an SaaS (software-as-a-service) product which costs ...
- 103
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1
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433
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Do I charge vat on work i did before being VAT registered that has only just been invoiced?
Before my VAT registration date I submitted various quotes, won the jobs and almost completed all of the work. (They are non VAT registered people that I have done the work for.) Now I have my vat ...
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1
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207
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Can a VAT registered company produce a quote with a mix of VAT products and NON VAT installation?
I have received a quote for a bathroom installation from a company that is VAT registered, after agreeing to the work, it has come to light that the installation is being completed by a third party ...
- 13
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1
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354
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How can I find the VAT Nr of an organisation by looking at a money transfer?
I have an app in multiple appstores (ios, android, windows).
I have received money from transactions in these stores, and the VAT is taken care of by the stores.
Now I have to do my tax administration ...
- 101
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0
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93
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Is it a legal requirement to put your VAT number on a receipt? [closed]
Someone recently complained to our business that our receipts didn't have our VAT number on them.
If anyone ever requests a VAT receipt/invoice then we draw one up manually, otherwise, we just issue ...
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0
answers
32
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Do I pay vat on digital goods from EU in the UK?
As a B2C purchase I am wondering if I should be charged for VAT.
The company is from Spain
I am from the UK
I have found it hard to pinpoint an answer for this online.
- 219
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1
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143
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Should I Charge Customers VAT Before Receiving My VAT Number?
I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday.
I told my client that I will have to charge them VAT on the next payment, which ...
- 339
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1
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87
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Do I pay UK VAT for digital services provided to a company in Denmark?
My situation
I'm a UK based freelancer who provides website development services.
I'm a limited company and VAT registered.
I provide my services on an online platform based in Denmark. This platform ...
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0
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24
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Filing a VAT report on exports from EU to UK
I'm exporting services (no goods) from the Czech Republic to the UK. Until now, based on the Czech and EU regulations, I put no VAT charges on the invoices; however, I still had to report the amount ...
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2
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1
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171
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Haven't charged clients VAT for a year (stupid I know), but approaching VAT threshold
When I set up my business at the start of this year, I did so with haste (and now regret), and screwed a few things up from the start. One of these is the fact that I don't currently charge my clients ...
- 339
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0
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73
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How to handle/calculate/store prices with or without VAT in software
My company handles prices and payments through our software where we typically store price without VAT in whole unit with 2 decimal places and VAT with 1 decimal place.
Generally speaking my question ...
- 111
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468
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Is a Tax Identification Number (TIN) or Value Added Tax Identification Number (VAT) the same as a Federal Employer Identification Number (FEI)?
I am writing a project for financial research support of a specific item and the public announcement asks me for the institution's TIN number (Tax Identification Number) or the Value Added Tax ...
0
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2
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141
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Do businesses make a profit on VAT?
According to my understanding, VAT is the tax paid by the consumer on value added at each step.
For example, suppose VAT is 10%. A farmer produces tomato and sells for $10 to a packaging company. ...
- 1
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1
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89
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What VAT rate to charge for intra-EU sales?
I am VAT registered in 2 EU states and often sell to other EU states where I am not registered for VAT as I am under the distance selling threshold. One thing is still not entirely clear to me is what ...
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1
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341
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Do US delivery companies pay out insurance if the declared value of a package is $0?
I'm in the UK and about 6 months ago I sent some sports cards to a friend of mine in the US to get professionally graded through PSA✝. This took a while due to the pandemic, but PSA has now returned ...
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81
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Supposing the same amount, has a contractor the same cost (6K + VAT) of a employee (6K) for a company?
If you are a employee, supposing a gross salary of 6000 gbp for 12 months, excluding taxes and NI, you could earn monthly about 4200 gbp (according with a tax calculator https://www.moneysavingexpert....
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2
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180
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Are US based Internet services subject to VAT for EU customers?
Backblaze is a company based in USA which provides Internet services. For its services EU customers are charged VAT based on their place of residence which is assumed to be the same as the one on ...
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1
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270
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Why is VAT charged on silver coins in the UK?
I am at a loss as to why VAT is applied to silver coins in the UK even though they are technically legal tender? Also for the law to be fair would you not have to charge VAT on gold coins too (which ...
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0
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Accounting for VAT on App Store sales as a UK VAT-registered company
UK VAT-registered company considering selling apps/games online (things like Apple App Store, Google Play Store, Microsoft Windows Store, Steam) and also earning via affiliate programs like Amazon ...
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0
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83
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Do I pay VAT in my country on used machines bought between 2 EU countries
I am purchasing an used book binding machine from Poland to Slovakia. I am not registered for VAT as I didn't exceed the legal limit obliging me to do so, however I do have VAT ID number for receiving ...
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2
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47
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Extract VAT with ghost cent
I have to write a math calculation to exctract VAT from a gross amount, but I think many online calculator are missing some particular cases.
Let's say we have 10% of VAT and a gross amount of 5.00€ ...
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1
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58
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VAT on goods imported from EU
When reselling goods from EU, how do I calculate profits, margins and tax due as self-employed in the UK, without overpaying on tax twice? As an example, I purchase a sofa from Portugal at gross 984 ...
- 103
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2
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104
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If I travel to Finland to pick up a purchase and pay the outstanding price in the EU do I have to pay VAT?
I'm thinking about getting a musical instrument made by a maker in Finland. At the moment without VAT it's cheaper than if I have it built in Australia, where I am from. I currently need to pay €700 ...
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308
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Do payments into my bank account in the day to day business of managing my friend's/client's property count as MY turnover? (England)
I helped a friend manage her property on Airbnb.
The Airbnb money went into my account, the costs came out of my account and I transferred to her 50% of the profit (keeping the other 50% for myself)....
4
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2
answers
99
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How does EU VAT work for physical service provided in non-home member state?
Assume I'm a VAT registered sole trader in Austria working as a handyman. As a one off, I go to Germany and paint a wall for a non-business, that is consumer. Which VAT rate is applicable and how do I ...
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1
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145
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VAT on building work
I have a quote for an extension which is £95 000 +VAT. I have been told by a friend who is a project manager/builder, that I could avoid paying this VAT if I set up a joint account with the builder to ...
0
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1
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197
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When moving EU -> EU, where to pay VAT on moving services?
I'm relocating from one EU country to another.
The origin country has 18% VAT, the destination has 23% VAT.
I purchase the service in the origin country; the mover is trying to charge me the ...
- 223
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2
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244
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Accounting for VAT (and expenditure) on credit purchase
I'm VAT-registered. Suppose I buy something related to the business on credit (3% for 24 months) for £3000 (£2,500 ex-VAT plus £500 VAT). (These amounts are totally made up.) The payments are £128.94/...
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1
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What's the point of a 20% (alias 16.5%) VAT flat rate in UK?
The normal VAT in UK is already 20%.
Note that 16.5% VAT flat rate for £100 is not £16.5 but £20.0. HMRC does not calculate like any other country I know. The 16.5% is calculated on the invoiced ...
- 133
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44
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As a UK LTD Company should my allowable expense claims be inclusive of VAT
I'm starting a LTD company in the UK and have a question surrounding the way that allowable expenses are claimed.
I understand that this question has probably been asked numerous times but no matter ...
0
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2
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199
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Would I need to pay VAT on this income?
Suppose I am self-employed i.e. autónomo in Spain. I work for an Estonian company and I send them bills. They will pay me the bills back. From the amount the pay me, do I need to declare and ...
0
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1
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98
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On what amount am I supposed to pay VAT for sales?
My question comes after reading this article about Amazon paying just £15 million in tax for European revenues of over £9 billion.
Here, I am confused about when businesses pay VAT (VALUE ADDED TAX). ...
- 103
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1
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85
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Paying VAT in foreign counties
I'm planning to sell (my own) software (yearly license actually) online, worldwide, from my Europe based company, business to business only. I'm really not into any financial topics but reading about ...
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1
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97
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Why isn't the `flat rate scheme` favourable for Limited Companies anymore?
I have been registered as flat rate scheme since 2012. At which point I kept 12.5% (working in IT) of my vat invoices.
However in 2017 they changed the laws on the % I believe.
My accountant said I ...
- 219
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1
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653
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Do I need to pay UK VAT for an online service paid for with a UK credit card when I'm resident elsewhere?
I want to pay for a VPN service with my UK credit card but I've recently moved to Japan. On the form I can select Japan or the UK but Japan won't charge a sales tax so it's obviously a better deal ...
- 131
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1
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99
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Do I need to pay tax if I use my own bank account for collected money for a booked hotel in the UK?
We are organizing an event in the UK and we need to book a hotel for about 200 attendees. The booking fee of about 4,000 pounds is to be shared by all the people. Since we have no company bank ...
- 21
4
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1
answer
1k
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How to deal with discount when invoice has multiple line items and multiple tax rates?
I am stumped at how to work out the tax for an invoice, when discounts are applied to invoices that have multiple line items with multiple tax rates? See my example invoice below:
SomeItemOne(Tax: 20%...
- 155
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246
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Calculate order discount correctly when Tax is set per unit?
I'm sure this has been asked before, but I could not find an answer when I searched. Lets say I have an invoice with 3 line items shown below (All excluding tax)
SomeItemOne - Cost:£2.45 | Qty:1
...
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