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What is VAT 100?
VAT stands for Value Added Tax. The VAT 100 shows business how much VAT the business charged their customers, how much VAT to claim, and the total of goods that were sold in a three month period.
What is vat payable?
Vat payable is the amount of vat collected on behalf of the tax authority and payable to them. In other words vat payable is an output vat levied on organisation's customers through the organisation's sales invoices for onward remittance to the tax authority subsequently.
Does net sales include VAT?
Not according to direct.gov.uk "When someone charges you VAT they multiply the original ('net') price of the item or service by the VAT rate to calculate the amount of VAT to charge. They then add the VAT amount to the net price to give the 'gross' price - the price you pay." http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4015895
What is the format for the Tax Identification Number of BIR in Philippines?
There are two formats of Tax Identification Number (TIN) in the Philippines and they are 999-999-999-999V for vendors and customers that are subject to VAT and 999-999-999-999N for those that are not subject to VAT.
What does VAT mean?
VAT means Value Added Tax and is a sales tax charged in the EU and is normally included in the end-consumer retail price. Companies registered for VAT don't pay it on items and services purchased, but charge it on sold products and services and hand it up to the authorities. The VAT system has been critisised for it's openness for fraud.
If you are a Company based in UK - Do you charge VAT to a company from Japan?
It is not uncommon for international businesses to be uncertain about whether they need to charge VAT to their customers from another country. You might think that VAT is not applicable to your customers from Japan, but you should be aware that there are many countries where VAT is applicable to all products, regardless of the country of origin. The only way to know for sure is to ask your tax professional. If you need any help regarding VAT in UK then, You can contact us at: +44 207 193 7072 or visit: Proactive Consultancy Group - TPCGUK
What is VAT output and VAT input?
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
What is VAT 100?
VAT stands for Value Added Tax. The VAT 100 shows business how much VAT the business charged their customers, how much VAT to claim, and the total of goods that were sold in a three month period.
What is vat payable?
Vat payable is the amount of vat collected on behalf of the tax authority and payable to them. In other words vat payable is an output vat levied on organisation's customers through the organisation's sales invoices for onward remittance to the tax authority subsequently.
Does the London congestion charge include VAT?
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Do you charge VAT on goods sent to Switzerland from UK?
Switzerland is not in the EU. You should be able to claim back the British VAT, because the goods are being exported outside the EU. The Swiss customs will then charge VAT, and possibly import duty on the goods.
Why do you think the government has decided not to charge vat on certain goods?
uyanya wena
Why do you think the government has decided to charge VAT on basic goods?
uyanya wena
Does the current price of electricity per kWh in the UK in 2014 include standing charge and VAT?
Prices are quoted with and without VAT, and the standing charge is also quoted, you just ask for whichever form you want the information in.
What is the differences between VAT and income tax?
VAT is value added tax charge on sale and purchase. Income tax is tax charged on income received.
Why has the government decided not to charge vat on basic goods?
Because those goods are needed for our health, and some people don't have enough money to pay for the VAT
Why do you think the government decide not to charge vat on certain basic goods?
uyanya wena
