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.
102
questions
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798
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Should I pay a company who failed to collect VAT from me over 6 months ago?
Nearly 7 months ago I purchased some software for $12.99 from an company in the USA. I didn't check at the time whether that price included VAT as in the EU:
You have to be clearly informed about ...
- 183
8
votes
1
answer
198
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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 ...
user20748
8
votes
1
answer
153
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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 ...
- 349
7
votes
1
answer
1k
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Stop paying VAT on digital sales when earnings are under £81k
I am a small time indie developer selling Android Apps. I do this as a hobby in my spare time.
Currently I am not VAT registered as the earnings are well below the £81k threshold. I usually "run at a ...
- 173
6
votes
3
answers
34k
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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'...
- 161
6
votes
1
answer
1k
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How to reclaim the value-added tax when buying something on eBay?
I want to buy a digital graphics pad/touchscreen on eBay for technical drawings.
Because the article's seller is based in Germany, and I live in Switzerland, and because the article is worth more ...
- 655
6
votes
1
answer
429
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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 ...
- 163
6
votes
1
answer
679
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 ...
- 6,220
5
votes
2
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909
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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?
- 6,220
5
votes
1
answer
1k
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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 ...
- 3,883
4
votes
5
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807
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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 ...
- 41
4
votes
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
4
votes
1
answer
353
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 ...
- 173
4
votes
2
answers
202
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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 ...
4
votes
2
answers
101
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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 ...
- 141
4
votes
1
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132
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Is there a lower threshold for new EU VAT changes coming 1 Jan 2015 related to the sale of digital goods?
I've heard that sales of digital goods into the EU will need to have VAT charged at the customers country VAT rate from 1 Jan 2015.
The seller will then need to either file a VAT return in each EU ...
- 161
3
votes
1
answer
403
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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 ...
- 31
3
votes
1
answer
375
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Plumber charging VAT on parking
I have a plumber do some work for me recently, and in the invoice he included the parking cost. This was for on-street parking, which I know has no VAT applied to it as it is a direct payment to the ...
- 591
3
votes
1
answer
682
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 ...
- 131
3
votes
0
answers
396
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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,...
- 11.2k
3
votes
1
answer
472
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Ordering From UK to Base Overseas - VAT exempt?
Good afternoon,
I'm currently serving the RAF Overseas in Cyprus and am looking at ordering a new laptop from PC Specialist (a UK company).
My question is simple, am I eligible to buy this item ...
- 328
2
votes
3
answers
2k
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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 ...
- 6,070
2
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1
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288
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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 ...
- 121
2
votes
1
answer
150
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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 ...
2
votes
1
answer
10k
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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 ...
- 591
2
votes
2
answers
104
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 ...
- 21
2
votes
1
answer
148
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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 ...
2
votes
1
answer
68
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 ...
- 121
2
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1
answer
179
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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 ...
- 349
2
votes
1
answer
100
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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
2
votes
1
answer
73
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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 ...
- 135
2
votes
1
answer
148
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Tax for Basket with Coupon containing two different VAT rates
Imagine an online basket with 2 items in it, each with different VAT rates. A fixed amount coupon is then applied to the basket. How should the net/tax for this basket be accounted for?
Example:
╔═══...
- 123
2
votes
1
answer
553
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. ...
- 133
2
votes
1
answer
195
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?
user11890
2
votes
2
answers
365
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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 ...
- 121
2
votes
1
answer
77
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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 ...
- 228
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 ...
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.
- 219
2
votes
0
answers
90
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 ...
- 71
2
votes
0
answers
44
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 ...
2
votes
0
answers
114
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 ...
- 801
2
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0
answers
112
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Is it acceptable to always have the same end price regardless of applicable VAT?
I want to offer a VAT-applicable item in a German e-shop and I want its end price for customers to always be the same, regardless of applicable VAT.
So if I'm e.g. selling from Germany and shipping ...
- 21
1
vote
1
answer
91
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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 ...
- 113
1
vote
1
answer
199
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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
1
vote
1
answer
123
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Is there such thing as "no VAT" or is it just 0%? [closed]
Let's say I'm from the EU, and I sell something to somebody in the USA. Did the sale include "no VAT" or is the VAT 0%?
Side note: I'm from an IT background and I'm trying to figure out if a ...
- 121
1
vote
4
answers
7k
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I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT?
I have a small e-shop and my UK registered company is not VAT registered. I am buying sprays from supplier (UK company also) but he has given me quotes without VAT, but I think I need to pay him ...
- 11
1
vote
1
answer
70
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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 ...
- 111
1
vote
1
answer
225
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 ...
- 13
1
vote
1
answer
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)....
1
vote
2
answers
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/...
- 21