 Why register for VAT? |
| Apart from businesses having to register for VAT if their turnover is over £61000, what are the benefits for registering if you dont have to?... |
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 I AM GOING TO BE A FATHER IN THE END OF NOVEMBER. I AM WONDERING IF I SHOULD CLAIM MY CHILD AS A DEPENDENT NOW? |
| MY QUESTION IS THAT I MAKE MORE THAN MY WIFE. SHOULD SHE CLAIM OUR CHILD OR SHOULD I? WHO WILL GET MORE BACK WHEN FILING FOR TAXES?... |
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 How can a non-custodial parent claim child on taxes, if child support is up to date? |
my son lives with his mom, all the time. i have visitation, she stopped letting me see our son.
she is contemp. my attorney said i can claim our
son each year as long as my support is up to ... |
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 Can I claim my girlfriend as a dependent? |
Hello
This might sound stupid but, can I claim my girlfriend as a dependent. She has been living with me the whole year, she is a student, she worked for like 3 ½ moths part time at the ... |
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 How much will I make a check getting paid bi-weekly living in Maryland and making 30,000 per year.? |
| I just began a new job making 30,000/ year. How much I will make on a biweekly check. I'm single w/o kids. I would like to have more in my paycheck rather than get a big refund at the end of the ... |
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 Can I claim money sent overseas to family as a deduction? |
| Granted, said family members do not live with me. If such money couldn't be claimed as a deduction for supporting family, can it be claimed as a deduction for charity?... |
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 Do i need all W2's? |
My wife and i are filing jointly do i need to include her w2s if i made more then her and she did not work all of 2007?
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sorry worded it wrong she worked part of 2007 ... |
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 Do illegal Immigrants pay taxes? |
Im doing a report and thought someone would know
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All of the websites i am seeing say that illegal immigrants do in fact pay taxes but all of these people say they don&... |
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 I see advertisements to settle back taxes for "pennies on the dollar". does this work or is it a scam? |
| i live in california, and know i owe back taxes. i'm divorced now, but my my tax filings for 2004, 2005 were messed up by my ex, and i didn't file in 2006 because i didn't want to get ... |
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 Unexpected deposit from the irs? |
| i have already recieved my income tax refund (state and federal) a couple of months ago. the other day there was a deposit in my account for several hundred dollars from the irs. could this have ... |
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 When are taxes paid with a roth ira? |
| Suppose I start a Roth IRA with money that I have saved. I have been told that interest(s) earned from the Roth is taxable, but the rest of the money invested is not taxed since I used tax paid ... |
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gona-b-a-gr8 | What does VAT registered mean? |
Additional Details
I know what V.A.T stands for but what does VAT Registered mean?
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feline_fine551
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Companies with a taxable turnover of £64,000 or more have to register with HM Revenue & Customs to collect VAT on their sales and pay it over to the government.
Companies then complete quarterly (usually) returns to pay over the VAT they have collected. They are also allowed to recover VAT they have been charged on their purchases.
Companies who make supplies that are VATable can also register for VAT voluntarily when they have a turnover under £64,000.
Some things are not VATable, such as financial services, health/welfare services and others. Therefore if you only carry out these activities, you can't register for VAT.
It is illegal for a company that is not registered for VAT to charge you VAT on something you purchase from them.
All VAT registered companies have an unique 9 digit VAT registration number |
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SunnyDays
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It means you have registered your company with the VAT people, customs and excise, to be able to claim back VAT on certain expenditure, and to be able to collect VAT on sales and invoices if your company income is above a certain level, check out the website below which ios the main portal for VAT |
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Josie
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you have to charge vat on all your sales but can claim vat back on qualifying purchases.
you pay the vat every 3 months
The vat inspectors will audit your account every 3 years or so. |
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answer it!
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Value added tax (VAT), is a sales tax levied on the sale of goods and services. |
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RED
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its so you can claim tax back from the inland revenue |
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tarotmancer
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.Vat Registered is when your company makes over a certain amount of money, it used to be £35000 but the level has went up from when i last checked. By being vat registered you are liable for tax on this, also you can claim back vat on goods purchased for your business |
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♥sweet doll♥
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VAT = Value Added Tax |
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weeman1971
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It means that the business makes over a certain amount and has to pay the government Value Added Tax, on goods sold and bought.
This is done yearly in a tax return and in accounts which have to be checked and signed by an accountant or banker.
If you look on receipts e.g. the credit card slip you will see a number like 234 800 500 000, this is the company's vat number for tax purposes. |
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