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.

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1answer
51 views

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 ...
2
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1answer
66 views

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 ...
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1answer
48 views

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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1answer
104 views

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 ...
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1answer
50 views

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 ...
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1answer
61 views

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 ...
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1answer
70 views

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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0answers
39 views

How do I register my US business for VAT OSS, without a SWIFT and/or BIC code?

My business bank account (technically credit union) does not have these things. The VAT OSS form for Ireland (and I believe all of them) require both the an account or IBAN number, and a BIC or SWIFT ...
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1answer
118 views

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 ...
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1answer
182 views

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 ...
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0answers
59 views

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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0answers
30 views

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.
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1answer
105 views

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 ...
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1answer
69 views

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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0answers
20 views

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 ...
2
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1answer
125 views

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 ...
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0answers
45 views

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 ...
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1answer
309 views

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 ...
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2answers
136 views

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. ...
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1answer
76 views

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 ...
4
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1answer
304 views

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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1answer
69 views

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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2answers
108 views

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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1answer
197 views

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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0answers
915 views

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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0answers
69 views

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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2answers
46 views

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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1answer
52 views

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 ...
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2answers
96 views

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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1answer
304 views

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)....
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2answers
93 views

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 ...
2
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1answer
124 views

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 ...
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1answer
142 views

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 ...
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2answers
240 views

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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1answer
182 views

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 ...
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0answers
43 views

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 ...
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2answers
165 views

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 ...
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1answer
91 views

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). ...
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1answer
81 views

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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1answer
90 views

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 ...
2
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1answer
517 views

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 ...
2
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1answer
97 views

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 ...
4
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1answer
1k views

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%...
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2answers
189 views

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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0answers
112 views

What happens when I make purchases on Amazon as a company but I don't register the VAT invoice?

I have a company in Europe. If I use my Amazon business account to buy work related stuff, I don't pay the VAT. What would happen if I used my personal credit card rather than the company card to ...
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1answer
182 views

If I'm voluntarily VAT registered, but under the threshold, do I have to charge vat?

Suppose I'm voluntarily VAT registered in the UK. But my turnover is less than £85k. Do I have to charge my customers VAT on my products and services? Put another way, in such circumstances am I only ...
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0answers
333 views

Buying goods from the US in a business based in France: the business refuses to remove the VAT. Can I get the VAT reimbursed?

I live in California, USA. I plan to purchase ~500 EUR worth of goods by phone from a French business that will send me the goods by mail. I am aware that the business may choose not to charge me VAT,...
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2answers
8k views

Do I have to pay VAT when buying goods from the US in a business based in France?

I live in California, USA. I plan to purchase ~500 EUR worth of goods by phone from a French business that will send me the goods by mail. Do I have to pay the French VAT, California sales taxes, or ...
2
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1answer
64 views

Consultancy tax & VAT

I am an employee in the UK on a mid-income contract, and my income gets taxed through my employer's HR, without action needed from me. My contract allows me to do some bits of private consultancy, for ...
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0answers
44 views

Tax/VAT when buying from USA in Argentina?

I am going to Argentina for a month, and are therefore wondering if I can buy things (wooden puzzles) from the US and receive them in Argentina without having to pay tax/VAT? Or is there perhaps a ...