Should I put in VAT to my customers price?
I am not VAT registered, and I am thinking of buying and selling things.If I pay VAT within the price I pay for produce, and then get rid of the goods to my customers, do I want to charge them VAT (and if so what amount), or as I have already salaried the VAT when I bought the item to sell on, does this have it in mind the VAT bill has effectively already be paid, and that`s why I do not have to include it on to my selling price?
Answers: You can't charge VAT if you are not VAT registered. You can add the VAT you compensated for the item when selling but you can't actually charge VAT.
If you compensated lb20 plus VAT for the item you would have remunerated lb23.50 (VAT (a) 17.5%)
So when you sell the item you must remember it cost lb23.50, not lb20.00 Put your discoloration up on top of the lb23.50
If you own paid the VAT when you purchase and later sell on to another after you sell on at the full price you remunerated including the VAT, plus any profit you wish to kind.
If you are VAT registered then you may add on your profit to the sell on attraction but excluding the VAT. You then charge your customer VAT when all`s said and done amount including your profit and you then at the cessation of the year pay adjectives the VAT you receive to the revenue. You also claim back the VAT you own paid over the year. You can register for VAT at any time but it is singular compulsory when your turnover exceeds or reaches around lb65000. This amount is approximate, as it changes every year. Best entry is to not get involved as it make a lot of work for you and you also produce work for an accountant to do it all for you. Then you enjoy another bill to pay for the accountant.
Vat are you chitchat of ?
is you is or is aint my baby
What is the best passageway to do my taxes?
I am single...one W2.and Im in college but its a trade school. Should I simply do turbo tax online?Answers: Yes. You probably qualify for the Free magazine. See http://turbotax.intuit.com/taxfreedom/ or Free File on www.irs.gov. Make sure you look into the tuition deduction and other tuition credits.
Just pick up a 1040 EZ form at your local library or post office. You probably won't hold enough deduction to itemize.
Why to be a chartered accountant?
Answers: To cheat both the client and the Government and earn
Check this one :-
http://www.icai.org/icairoot/student_faq...
All the best :)
There is 'no place' for 'Why' in the question. It is also one of the professions like anything else. It is pure interest and passion.