Asked in Non-US Taxes
Do US citizens pay vat when purchasing from a vat country?
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Asked in Business Accounting and Bookkeeping
Is vat entered in the profit and loss account?
VAT is accounted for in the Balance Sheet if you have the right to claim VAT on purchases and liability to pay VAT on sales respectively i.e. if you are VAT registered. VAT on purchases is accounted for in the Profit and Loss (purchases are entered gross i.e inclusive of VAT) if you have no right to claim it i.e. if you are not VAT registered. ...
Asked in Immigration, Sales Tax, Non-US Taxes
If you are a US citizen located in the US how do you obtain a vat exemption number for purchasing goods from Italy over the internet?
This would depend on the laws in Italy, but I would be very surprised is there is an exemption just based on you being a U.S. Citizen living in the U.S. We have to pay VAT tax on items from Canada and I see no difference. Sorry but good luck. ...
Asked in Business Taxes
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 ...
Asked in eBay
Can you use eBay to selling the items which you do not need and does you have to pay the vat and how?
Yes as long as the items are small enough to ship. It costs money to sell on Ebay but import/vat (if applicable) is paid by the buyer. As a new seller, you would not want to mess with international anyway. Sell to your country only on your countries site. ...
Asked in Home Buying
What is a gas bill?
There will be a bill period on the statement, which shows the dates your bill relates to. The bill will also include information showing the last payment you made, as well as how much you are expected to pay for the latest billing period. This figure is usually shown with VAT excluded, with the amount of VAT you owe given below. There will then be a total figure that you will need to pay, which includes VAT. ...