Articls under : tax-advice

VAT – CROSS-BORDER ISSUES

bizitalk130 Mar 20170 comments

by Les Howard The rapid growth of the internet coupled with the European Single Market means that many businesses buy and sell cross border. The rules do not exclude such transactions from VAT. Howev...

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VAT JARGON: SALES – OUTPUTS AND OUTPUT TAX

bizitalk101 Mar 20170 comments

VAT Advice

Outputs are sales, and output tax is VAT due on sales. The standard VAT rate is 20%, which applies to most supplies of goods or services. There are also some sale...

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VAT BASICS – REGISTRATION, RETURNS & PENALTIES

bizitalk112 Feb 20170 comments

If you are in business, VAT is something you will have to address, whether you are registered or not. VAT can be a significant burden to you, or it can be something that actually helps your c...

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