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∙ 11y agoYou do in the UK. All items sold at auction are liable for VAT.
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What types of items do you not pay sales tax on?
Food items
Do you need to pay income tax on sold items on ebay?
Technically yes, but if sales are minimal, the IRS isn't going to notice. If you're making hundreds or even thousands of dollars in sales, then you definitely need to pay taxes.
If the creditors repossessed a car and then sold it at an auction can you be made to pay for the rest of the money that they didnt get out of the auction?
Yes, you will have to pay the deficiency plus repossession fees. Your obligation was the balance on the loan no matter what the car actually sold for. If you do not pay they will sue you and you will loose in court.
If you host an Internet auction and collect a listing fee and or commission when a user sells an item do you have to collect sales tax in New York?
Whoever sold the item is suposed to collect and pay the taxes on it.
What could happen if you don't pay for your impounded car?
Eventually it will be sold at auction to pay the impound fees.
Do you pay nys sales tax on goods shipped to South America?
If the items were purchased in NYS then yes you will have to pay sales tax on them when you purchase them. If you are a business who sells item purchased wholesale in NYS then you can apply for an get a Sales Tax Certificate. This means that you will not pay sales tax when you buy items wholesale but then you will have to pay sales tax on the items when you sell them at a higher price. This will also require you to file monthly reports to the Sales Tax Division and account for each item purchased for resale.
What sales tax do you pay for discounted items?
You pay sales tax on the actual amount you pay for the item, not some infalted price the store says they are discounting from.
How much can a 1948 florin be sold in auction?
Anything can be sold at auction for whatever a buyer is prepared to pay. A circulated 1948 British Florin might get up to One Pound if it is in excellent condition.
My Car was repossessed what do I owe the bank?
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
How much sales tax would you pay for a 21.99 items if the city sales tax is 7 percent?
1.54
What is a Rams Head Cone Top Beer can with no fading bright color little rust spots worth?
Antique items are generally worth as much as a buyer is willing to pay for them. However, recent sales on auction sites listed similar items between 15 and 20 dollars.
What happens after the foreclosure auction who has to pay the difference between the amount sold at the auction and the difference of the loan?
the lender can seek a deficiency judgment against the homeowner in court
