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What else can I help you with?
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.
Is net of vat is the same with vat inclusive?
vat exclusive
Can a vat vendor claim input vat on goods purchased from a non vat vendor?
Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.
What is the difference between vat exclusive and vat inclusive?
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
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.
How does the iPad 2 cost in the UK?
It carries a suggested retail price of £399 inc VAT (£332.50 ex VAT) for the 16GB model, £479 inc VAT (£399.17 ex VAT) for the 32GB model, and £559 inc VAT (£465.83 ex VAT) for the 64GB model.
Coaxial cable cost per a meter?
It's £0.63 (ex vat)[£0.72 inc vat] per metre.
What was the average price in the UK for electricity economy seven 2008?
Hi - I emailed British Gas (as I'm a customer) - they tell me the unit prices as at the 1st of January 2008 were as follows...Tier1 23.353p (22.241p inc VAT) - Tier2 11.624p (11.071p inc VAT) - Economy 7 2.274p (2.166p inc VAT)
How much does Costco big teddy bear cost?
£30 ish, inc vat
How much does it cost to replace the timing belt on a Renault megane 1.5dci?
£385 inc vat at nationwide
What is the most expensive torch in the world?
The most expensive torch I can find online is the Surefire Beast ii at £5059.99 inc VAT
How much does a new exhaust for a 1.6 citroen Picasso cost?
i paid £237 inc vat for my exhaust inc fitting, was for the whole thing including the cat for 1.6 petrol Picasso 2000 model
How many types of vat?
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
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.
How can I reclaim VAT?
To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.
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
Is net of vat is the same with vat inclusive?
vat exclusive
