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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6
votes
1answer
385 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
240 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
324 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 ...
1
vote
2answers
1k 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 ...
4
votes
2answers
172 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 ...
6
votes
3answers
18k 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 didn'...
4
votes
5answers
765 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 ...
2
votes
3answers
2k 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
601 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 ...
5
votes
2answers
595 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?
4
votes
1answer
992 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 ...