Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [vat]

For questions related to Value Added Taxes (VAT). For specific questions, consider adding a country- or region-specific tag, e.g. European Union.

103 questions
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If I'm voluntarily VAT registered, but under the threshold, do I have to charge vat?

Suppose I'm voluntarily VAT registered in the UK. But my turnover is less than £85k. Do I have to charge my customers VAT on my products and services? Put another way, in such circumstances am I only required to charge VAT at the point when I exceed…
user20748
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2 answers

Should I pay a company who failed to collect VAT from me over 6 months ago?

Nearly 7 months ago I purchased some software for $12.99 from an company in the USA. I didn't check at the time whether that price included VAT as in the EU: You have to be clearly informed about the total price of the goods or services including…
JBithell
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Should I Charge Customers VAT Before Receiving My VAT Number?

I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday. I told my client that I will have to charge them VAT on the next payment, which is £5,000, so with VAT, it’s £6k. However, I’ve…
pho_pho
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Stop paying VAT on digital sales when earnings are under £81k

I am a small time indie developer selling Android Apps. I do this as a hobby in my spare time. Currently I am not VAT registered as the earnings are well below the £81k threshold. I usually "run at a loss" thus not needing to pay tax. Recently…
jaymarvels
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How to reclaim the value-added tax when buying something on eBay?

I want to buy a digital graphics pad/touchscreen on eBay for technical drawings. Because the article's seller is based in Germany, and I live in Switzerland, and because the article is worth more than CHF 200, it will need to be declared on…
Quandary
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How does a Value Added Tax (VAT) differ from a Sales Tax?

A common trend by many governments has been to introduce a Value Added Tax to replace a Sales Tax (as evidenced by the multitude of HST related questions on this site). How do these types of taxes differ? Are they better for business? Does the…
Zephyr
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What is involved in becoming vat registered in the UK? any advice?

I'm a self employed web developer working in London, UK. Currently I'm not VAT registered but am approaching the current VAT threshold. I'm wondering if anyone knows what is involved in becoming VAT registered? and if they have any advice? Basically…
Pebbl
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Quotes for work by a tradesman in the UK: rules for VAT?

If I receive a quote for work from a tradesman, and this quote is supplied as a document (PDF) which does not mention VAT as being either includes or excluded, can the tradesman later say that it didn't include VAT and demand I pay 20% more than the…
oxbow_lakes
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What are the tax liabilities for an international transaction?

I have website for which I have set up a sponsorship scheme for (see my profile if you're interested). With this scheme, some individual or company can choose to sponsor X or Y amount and that gives them an advertising block on my website for Z…
Rich Seller
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What items are exempt from the VAT? [U.K.]

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Also as a non-UK resident is there a way to get a rebate/reimbursement on this tax?
Zephyr
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Is there a lower threshold for new EU VAT changes coming 1 Jan 2015 related to the sale of digital goods?

I've heard that sales of digital goods into the EU will need to have VAT charged at the customers country VAT rate from 1 Jan 2015. The seller will then need to either file a VAT return in each EU country, or register for MOSS (an aggregation scheme…
Dave Sumter
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How to deal with VAT when traveling from US to Europe?

I am going to be traveling to Europe (Paris, London, and Rome) for the first time. I have only heard of VAT and I am not sure I truly understand it. What do I need to know about it and how do I keep track of it? Not sure if it helps, but I plan to…
Brian David Berman
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Do US delivery companies pay out insurance if the declared value of a package is $0?

I'm in the UK and about 6 months ago I sent some sports cards to a friend of mine in the US to get professionally graded through PSA✝. This took a while due to the pandemic, but PSA has now returned the cards to him. Based on the grades they have…
James Donnelly
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How does EU VAT work for physical service provided in non-home member state?

Assume I'm a VAT registered sole trader in Austria working as a handyman. As a one off, I go to Germany and paint a wall for a non-business, that is consumer. Which VAT rate is applicable and how do I pay it to which country? This EU help article…
Cornelius Roemer
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I am a contractor with revenue below UK's VAT threshold. Should I register for VAT?

I am an IT contractor based in London. I understand that there is a threshold for VAT of £73,000. In my current business, I have not exceeded that threshold as of yet but expect to within the accounting period. I have spoken to my accountant…
Xavier
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