Once registered make sure you charge VAT
at the standard rate of 20% on your sales and that you can reclaim any VAT
incurred on goods and services you buy for use in your business.
Many TEI members work for large multinational businesses that operate in corporate groups with numerous VAT
registration numbers in multiple countries.
is certainly more of a signifi-cant revenue earner for the UK Government in comparison to oil revenues that Scotland contributes.
In December 2013, a total of 6918 companies received VAT
worth BGN 542 million, up by BGN 300 million compared to the VAT
refunded in December 2012, which stood at slightly over BGN 239 million.
The Ministry of Finance estimates that following the hikes in the VAT
standard rate and the increase in the reduced rate from 8% to 9%, VAT
revenues will increase by just 0.
Introduced in 1973, VAT
is a 20% tax that's charged on most goods and services that VAT
-registered businesses provide in the UK.
We are excited to join hands with such a prominent travel and expense industry leader like Concur," said Sam Shah, Chief Operating Officer of Universal VAT
In cases where the seller retained an interest and granted a subordinate interest to the buyer such as a lease or a sub-lease, HMRC's previous policy was that this did not qualify as a TOGC and, in cases where an option to tax had been exercised by the seller, VAT
was due on the transfer at the standard rate.
HM Revenue & Customs is reminding the 1,313 VAT
-registered businesses in Huddersfield who still file paper VAT
returns that all VAT
returns must be submitted online from this spring - meaning paper returns will soon be a thing of the past.
France and Austria have this month indicated that they will rise their VAT
rates in 2012 following this month's credit rating downgrades
How many businesses are paying the VAT
and how many are still boycotting it remains unknown.
In addition, there is no VAT
payable on the costs of servicing or maintaining disability equipment.
Whether companies want to receive a VAT
refund, help their own customers receive a VAT
refund, or want to offer VAT
services to their customer base, OT ReVAT is available in three versions to meet those needs:
The larger Leon, Altea and Alhambra models also enjoy either a full or half VAT
PRACTICE OWNERS and managers are being urged by the Government to get ready for the rise in VAT
early next year.