The goods which are being imported are like dolls and houses which are built as part of a programme that come with Ebooks which are sold as a package for one price hence the apportionment. I think the way to go is to treat the ebook as zero rated and the rest as standard rated and apportion that way (which was my initial gut feel).....
Yes, but the client was adamant because the goods are imported from China that they were exempt and shouldn't form the basis of the calculation. I think they do, but was wanting some clarification on this. The guidance is not very helpful nor was the ACCA technical helpline!
Thank you for your response, it is output tax we are trying to calculate using VAT Notice 700 S31. There are 2 methods which apportion the output vat based on split of standard rated and zero rates supplies and it determining the cost price given they are imported and to which category do they all.
The client hasn’t passed their VAT number on to their agent so no C79 certs as of yet, but if I read your comment correctly the agents invoice will detail any vat paid on the import? If so, do we apportion that over the units?
I am sorry, but what further information do you need, the question, I thought was simple, is the car in the US owned by the UK company a taxable benefit in the UK?
We have the same issue, we just get an administrator to update our PM software and then scan them and shred. Not an issue for us and we get a little more than 30 a month.
My answers
Hi, the functional currency changed and by default so did the presentation currency.
Perhaps before you start to criticise others grammar and sentence structure may I suggest you read your own words back!
Either way, thank you for your response [***]!
The goods which are being imported are like dolls and houses which are built as part of a programme that come with Ebooks which are sold as a package for one price hence the apportionment. I think the way to go is to treat the ebook as zero rated and the rest as standard rated and apportion that way (which was my initial gut feel).....
Thanks
Thanks -
Yes, but the client was adamant because the goods are imported from China that they were exempt and shouldn't form the basis of the calculation. I think they do, but was wanting some clarification on this. The guidance is not very helpful nor was the ACCA technical helpline!
Thank you for your response, it is output tax we are trying to calculate using VAT Notice 700 S31. There are 2 methods which apportion the output vat based on split of standard rated and zero rates supplies and it determining the cost price given they are imported and to which category do they all.
Thanks
The client hasn’t passed their VAT number on to their agent so no C79 certs as of yet, but if I read your comment correctly the agents invoice will detail any vat paid on the import? If so, do we apportion that over the units?
I am sorry, but what further information do you need, the question, I thought was simple, is the car in the US owned by the UK company a taxable benefit in the UK?
Thank you for your response, but under 701/10 are books not zero rated?
We have the same issue, we just get an administrator to update our PM software and then scan them and shred. Not an issue for us and we get a little more than 30 a month.
As my client was required to hold stock in the US per Amazon, then i would assume this is correct per Art 7.
Thanks