The government, it is a tax
1972. April 1st 1973 to be precise.
to prevent the large amount of vehicles thefts that were occurring at the time.
yes - different rates for services, goods etc
The panchayat raj introduced in INDIA in 1952, 1st introduced in Rajastan
The first airplane was introduced about 1897.
VAT was introduced in 1973 the P.M. was Edward Heath
There will be less vat.
From 1St Jan 2007
The Conservatives, under Edward Heath. Value Added Tax was introduced in 1973. It is the third biggest source of income for the government.
1972. April 1st 1973 to be precise.
to prevent the large amount of vehicles thefts that were occurring at the time.
In 1979, the standard VAT rate in the United Kingdom was set at 15%. This rate was introduced in 1973 when the UK joined the European Economic Community (EEC). The VAT rate was later increased to 17.5% in 1991.
In April 1973, the standard rate of Value Added Tax (VAT) in the United Kingdom was set at 10%. This was the initial introduction of VAT, which replaced the Purchase Tax system. VAT was introduced as part of the UK's obligations upon joining the European Economic Community (EEC).
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.
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 %
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.
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.