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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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1 vote
0 answers
60 views

VAT Treatment of Foreign Expenses without Invoice

My client operates a company based in the UAE and maintains several bank accounts, including one in the USA. The US bank levies various fees, such as transfer fees and monthly fees, which are ...
0 votes
1 answer
271 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) ...
0 votes
1 answer
33 views

UK Limited Company with Std VAT Rate - Do I need to pay Corp Tax on VAT reclaimed on business purchases

I have a small business in UK and it is VAT registered (Standard rate). When I make a business purchases such as a laptop I reclaim VAT from HMRC. For example I bought a laptop worth £1200 (1000 + 200 ...
3 votes
1 answer
169 views

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 ...
0 votes
1 answer
94 views

PURCHASES IN DUBAI WITH USA DEBIT CARD

I'm working in Dubai constructing a building for a company there, but I use my US bank account to buy materials and tools. Do I have to pay VAT at my bank in the USA or do they just add VAT ...
1 vote
1 answer
149 views

Do I need to charge VAT to other VAT registered businesses?

If I invoice a client who is VAT registered, and I am VAT registered, do I need to add on VAT even though they will claim this back from HMRC? I'm sure I've seen online somewhere where adding in a VAT ...
1 vote
0 answers
32 views

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 ...
1 vote
2 answers
197 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 ...
0 votes
0 answers
440 views

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 vote
0 answers
47 views

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%...
0 votes
0 answers
34 views

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 ...
2 votes
0 answers
46 views

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 ...
1 vote
2 answers
277 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 ...
0 votes
1 answer
66 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 votes
1 answer
69 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 ...
0 votes
1 answer
110 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 ...
0 votes
1 answer
57 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 ...
0 votes
1 answer
90 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 ...
0 votes
1 answer
910 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 ...
1 vote
1 answer
253 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 ...
0 votes
1 answer
529 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 ...
1 vote
0 answers
156 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 ...
2 votes
0 answers
33 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.
8 votes
1 answer
172 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 ...
1 vote
1 answer
93 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 ...
1 vote
0 answers
26 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 votes
1 answer
274 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 ...
1 vote
0 answers
81 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 ...
0 votes
1 answer
1k 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 ...
0 votes
2 answers
165 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. ...
0 votes
1 answer
92 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 ...
2 votes
2 answers
366 views

Sage Instant Accounts or Quickbooks? [closed]

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 ...
4 votes
1 answer
377 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 ...
0 votes
1 answer
82 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....
2 votes
1 answer
345 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 ...
1 vote
0 answers
1k 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 ...
2 votes
0 answers
112 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 ...
1 vote
2 answers
50 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€ ...
0 votes
1 answer
62 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 ...
3 votes
0 answers
410 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,...
2 votes
2 answers
105 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 ...
1 vote
1 answer
316 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)....
4 votes
2 answers
106 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 ...
0 votes
2 answers
199 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 ...
2 votes
1 answer
155 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 ...
1 vote
2 answers
248 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/...
0 votes
1 answer
226 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 ...
2 votes
1 answer
10k views

Is VAT applied when a tradesman charges for materials?

I have been employing a plumber to do some work in my bathroom, and recently received the invoice. This consists of a charge for the labour, plus a list of materials used for the job, which he is also ...
1 vote
1 answer
212 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 ...
2 votes
0 answers
47 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 ...