 HELP WITH TAXES PLEASE!10points? |
| I am about to enter a job as an independant contractor. I was told that I must send a payment into the irs every three months or I will be penalized more money. How do I figure how much to pay? Can ... |
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 Do you ever have to stop filing your taxes? |
| My grandma has this idea that she doesn't have to file taxes anymore because she is of a certain age. I don't even know when the last time she filed was. She only collects social security ... |
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 When do you have to pay taxes on capital gains? |
| Let's say I put 50k in a stock and it doubles and I sell it. Now I have 100k, but I owe taxes on 50k. Let's say I sold the position at the beginning of the calendar year. Can I wait ... |
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 Questions on rebates checks? |
I CLAIMED ONE CHILD AND MADE $1091.00 HEAS OF HOUSE HOLD. SO HOW MUCH WILL I GET BACK ON REBATE CHECK. I RECIEVED A LETTER FROM THEM SAYING ABOUT WHEN THEY WILL COME OUT. BUT DIDNT SAY HOW MUCH.
<... |
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 I paid £2200 a year in taxes for over the last 12 years...? |
| I am Spanish and I have decided to move back to Spain..Will I be able to get all that money back from the inland re if I move to Spain??... |
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 Benefits help please.? |
| My husband and I have been together for five years. I am on Incapacity Benefit and havnt been able to work at all in that time. My husband has tried his best to support us but he has had low paid ... |
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 How IRS will respond to my mistake of not reporting gambling income but gambling losses? |
| i forgot to mention my gambling winning but i got the deduction of gambling loss in sch A. I am kind of nervous how IRS will respond to my mistake. Actually my preparer did not advise about reporting ... |
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 My husband owes child support will it be deducted from our tax return? |
| My husband is behind on child support payments. We have filed a joint return and I want to know will the balance of his child support be automatically deducted from our income tax return?... |
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 I was supossed to get my TAX REBATE yesterday but checked my bank and NOTHING? |
How long will it take?
they said they were coming in early. My last two are 05 so I'm one of the first ones to get it.... |
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 How much of a tax refund? |
| My wife and I bring in approximately 95,000 a year together. We do not have dependents and we both claim 1 on our taxes. By the end of the year we would have paid 22,000 dollars in interest on our ... |
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 Can my husband claim his 15 yr old daughter as a dependent if she doesn't live with us BUT? |
he pays $2,000 per month in child support, so he's paying for WAY more than half of her support plus he pays all her medical.
Additional Details
She lives with her mother (to answer ... |
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 Married: file taxes jointly or individually? |
Just wondering whether it would be better to file taxes this year as a married couple or individually. Here is some info:
We both work full time, incomes of ~70k and ~50k
no kids
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jb | When you but a a second hand car from a dealer,why do they add vat to the price when? |
vat has already been paid on the car when it was new?
and if the same /other dealers sells the the same car again and again ,vat is still charged
RIP OFF Britain !
it seems to me the buyer of the car is the loser everytime to the Tax man!
or am i missing the point?
Additional Details
my mate bough a second hand car from a big dealer in the uk and on the the invoice he was charged £1879 vat. |
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ascoile
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I thought no VAT was payable on second hand items, am I wrong??? |
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ladies favourite
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dont buy from a dealer |
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CLIVE H
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You are not supposed to pay VAT on second hand goods. You are quite right in saying that VAT was already paid when the vehicle was new. What this grubby thieving second hand car dealer [trust me I'm a second hand car dealer] is doing, is pocketing the extra wonga he has charged you in the form of a false payment of VAT. Ask him for his VAT number, this should be on the receipt and/or any letter heading.
NEVER EVER buy a car from a 2nd hand dealer. Always go to the main dealer, Ford Motors etc. You pay more, but you do get a better deal and on second handers, two years cover for parts etc. They may also throw in a couple of year's free membership of RAC. Always worth having. |
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Rich T
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Because the tax man rips everyone off all the time basically. |
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feline_fine551
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Sorry everyone seems to be either getting this wrong or answering part of the question.
If your dealer was charged VAT when he purchased the car, he has to charge you VAT when he sell it to you. (Assuming he is VAT registered)
If he wasn't charged VAT when he bought it (eg he bought the car second hand from someone who wasn't registered for VAT) then you won't be charged VAT on your invoice, but he will pay VAT to HMRC on his margin.
There is no rule that says you won't be charged VAT on second hand goods. Some sales of second hand goods will qualify for the margin scheme mentioned above, but not all. |
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Adec
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VAT is chargeable when a company turnover on VAT chargeable revenue hits c£61k,
They add VAT because they have to from HMRC
you're not missing the point,
they just want to tax companies irrespective of the profit levels, VAT registgered companies can claim back the VAT they have paid and deduct it from their VAT payments but
somewhere down the line, there is usually a nonVATable business as I am at the moment or individual who gets stung |
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cotoneaster
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I'm afraid you're missing the point. |
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Onestep downfrom God
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Well almost everyone is wrong on this!
VAT is payable on the dealers margin, it is not payable by the purchaser, and he will not supply a VAT invoice.
If it's a commercial vehicle (taxi) he will charge VAT and the registered trader can reclaim the tax paid. (But do remember the dealer paid VAT when he bought the taxi from the previous owner ((assuming he was VAT registered))). |
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Stephen A
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The Govenment have to have there money , now they can't sell the titles , OP'S wrong department , sorry same corrupt system. |
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tina k
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huh? I thought they didnt charge VAT on second hand goods? |
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whospiltmypint
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I was under the impression that you only paid VAT on commercial vehicles. |
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