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Is VAT reimbursable?
Not to the end customer.
Is VAT direct or indirect?
VAT is an indirect tax as it is based on a tax applied to the manufacture or sale of goods and services. Basically, VAT is mainly added to and paid for by a customer when making a purchase.
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 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.
Gross of vat and net of vat?
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
Do you pay vat if the customer is vat exempt?
no. because when customer is notpaing vat only he have vat exwmption only/
Is VAT reimbursable?
Not to the end customer.
What is the cause of action for a grocery that overcharges a customer?
VAT
Does the London congestion charge include VAT?
Does_the_london_congestion_charge_include_VAT
Is VAT direct or indirect?
VAT is an indirect tax as it is based on a tax applied to the manufacture or sale of goods and services. Basically, VAT is mainly added to and paid for by a customer when making a purchase.
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
