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Steve View Drop Down
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Direct Link To This Post Topic: VAT
    Posted: 15 April 2005 at 8:16pm

A couple of my friends have brought some goods and had on the receipts two lots of VAT @ 17.5

one shown 17.5% from the total amount the other was a smaller sum ?

anyone know what the second one is for ?

 

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Helen View Drop Down
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Direct Link To This Post Posted: 15 April 2005 at 8:30pm
prehaps carriage charge, or if items imported, depending on country different charge,or kids clothes and some goods not vatable
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Direct Link To This Post Posted: 24 April 2005 at 9:14am

Found out that it was the way they typed out the invoice...

They had printed the VAT on the goods and VAT on the postage and packing

but most companys simply show the VAT amount right at the bottom just before the total amount.

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jake View Drop Down
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Direct Link To This Post Posted: 24 April 2005 at 10:37am
a lot of company's do it this way, working in accounts i see a lot of these invoices and yes it does get confusing
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Direct Link To This Post Posted: 24 April 2005 at 3:17pm
There are some things which have 8% VAT but I can't remember what.
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Direct Link To This Post Posted: 24 April 2005 at 3:26pm
that looks like foreign tax to me?
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Eddie View Drop Down
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Direct Link To This Post Posted: 24 April 2005 at 4:50pm
Originally posted by Nimmy Nimmy wrote:

There are some things which have 8% VAT but I can't remember what.


apart from zero rated, the only thing not charged at 17.5% is domestic gas and electricity (5%)
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jake View Drop Down
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Direct Link To This Post Posted: 25 April 2005 at 12:08am
there is all so exempt tax, but water bill's all so come with 8% tax for collection
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Direct Link To This Post Posted: 25 April 2005 at 10:58am

Originally posted by jake jake wrote:

there is all so exempt tax, but water bill's all so come with 8% tax for collection

 

not so. water is zero rated and 8% vat doesn't exist



Edited by Eddie
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Direct Link To This Post Posted: 25 April 2005 at 11:46pm
very good, tried to catch people out, it is zero rated
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