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Yes, when buying products from Europe, you may have to pay Value Added Tax (VAT) depending on the country and the value of the goods being purchased.

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AnswerBot

5mo ago

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What is meant by the term ecommerce?

ECommerce functionality is to allow for the online purchase of goods or services by credit cards or Pay Pal. Buying products over the Internet.


Why do we pay VAT?

cuz da government needs sweeties 4 all dem meetings ennit


What does cash buying mean?

It means you pay for whatever you are buying in full at the time of the transaction.


Why is vat collected?

Value Added Tax (VAT) is government applied tax on taxable supplies at different rates most of which is 15% in UK, while lower rate 5% and zero-rate are used as well. Let's say there is a company A,which manufactures cars and sells it to the distributors.Now the company A will charge VAT to distributor and include on the invoice. Now A has simply collected the VAT on behalf of government and has the liability to pay the VAT collected back to government. While the distributor can claim that paid VAT back from the government if the distributor is VAT registered.so by this point, government has actually received nothing,as it returned to the distributor whatever it received from the company A. Now, when the distributor sells the car to end-user, distributor charges VAT to that end-user and collects the VAT again on behalf of government, and pays the VAT collected to the government.As the end-user cannot be VAT registered, so he cannot claim the VAT paid from the government, so the government has now actually received the VAT inflow.


What are the benefits of buying insurance from a bank?

You can pay them back with out them have you pay a high price for it. Buying insurance from banks is easy and affordable as long as you go to the banks that are popular.

Related Questions

Do you pay vat if the customer is vat exempt?

no. because when customer is notpaing vat only he have vat exwmption only/


Does a person who is not a vat vendor have to pay vat for services from a vat vendor?

Yes, a person who is not a VAT vendor is generally required to pay VAT on services received from a VAT vendor. The VAT is typically included in the price of the services, and the VAT vendor is responsible for collecting and remitting that tax to the government. However, if the recipient of the services is a consumer or business that is not registered for VAT, they cannot claim back the VAT paid.


What is ex-vat to pay?

what does exvat to pay mean


What is ex vat to pay?

what does exvat to pay mean


A new way of buying called allowed Americans to take products home and pay a little at a time.?

Installment buying


How much VAT do i pay when importing to israel?

Search unitmeasure vat calculator


Do you pay stamp duty on vat?

no


Who pays for vat?

You pay VAT on goods items. VAT (value added tax) is at 20% of the item you buy. So say you bought a 1000 pounds worth of TV, you would pay 100 pounds VAT. hope this helped


Who will pay vat in FIJI?

consumers of FII


What is paying vat?

what does exvat to pay mean


If a UK resident buys a service from an offshore company do they have to pay VAT?

A UK resident buys a service from an offshore company. If the UK resident does not pay VAT to the offshore company, the offshore company does not have to pay VAT to the UK government. UK residents who buy services from offshore companies may be subject to VAT if they do not pay VAT to the offshore company. Hope this will help you, If you need any further assistance regarding VAT you can contact us at: taxlibrarian.co.uk/ or Call us at: +44 207 167 4301


What will happen if you fail to pay VAT?

You will not get what your trying to buy. In case your wondering the T in VAT stands for Tax.