Asked in United Kingdom
How much custom duty or vat have a on rough diamond in uk?
The custom duty and the VAT usually increase the value of the rough diamond in the UK. ...
Asked in History of England, United Kingdom
What is the current percentage rate of vat in england?
The standard rate of VAT in the UK is 20%, as of March 2013.
What is vat in tally?
VAT is Value Added Tax (Sales Tax in the USA). The term is used in the UK more than anywhere and is a sales tax on items and services. The current VAT in the UK is 20% across most items/services. There are anomalies where certain foods are VAT free. ...
Asked in United Kingdom, California, England
What is the current rate of VAT in the UK?
As from yesterday (Monday), the standard rate of VAT in the UK is 15% for 13 months (until the end of 2009). The 'normal' standard rate of VAT in the UK is 17.5%, but it has been reduced by 2.5% in an attempt to boost the economy. There are two additional VAT rates: 'Reduced' rate VAT 5% is for items such as gas and electricity Zero rate VAT is for 'essential' items - most food, baby clothing etc. so it was but as of...
How do I get the gross price from the net price?
For when the VAT rate was 17.5%, to get the amount before VAT you needed to divide by 1.175 Now the UK VAT rate is 20%, you need to divide by 1.2 Example: If the price before VAT was £100, and VAT is 20%, then the price after VAT is £120. So to work it out backwards: If you know the price after VAT is £120 and you want to know the price before VAT: £120 divided by 1.2 = £100 Hope that helps. ...
Asked in UK Politics
What political party introduced vat in UK?
The original form of VAT, known as the Purchase Tax, was introduced by the grand coalition government between the Conservative Party, the Labour Party, the Liberal Party and the Liberal National Party in 1940. All major reforms to the sales tax since then have been Conservative programmes. Modern-day VAT was introduced by the Conservative Party in 1973 as a condition of the UK joining the then-European Economic Community. It was set at a rate of 10% on most goods. It became a flat...
Asked in Jharkhand
When how and why vat started in jharkhand?
The VAT stands for value-added taxation. It was introduced on April 1, 2005 as an indirect tax into the Indian taxation system. Jharkland was one state that chose to stay out of it until a later date, but has now adopted it. VAT replaced the general tax laws. ...