How is VAT charged on used mobile phones?
Marginal VAT is charged at a reduced rate of 16.67%. Both of these stipulations have the effect of reducing the amount of VAT you add on per item, and therefore the amount of tax you have to pay back to HMRC. It represents a great deal for used phone traders as it does other second-hand retailers.
Can You claim VAT on a personal phone call?
If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT. Half of your mobile phone calls are private. You can reclaim 50% of the VAT on the purchase price and the service plan.
Can you supply and install goods for European VAT?
Supply and install of goods for European VAT. Where goods provided as a supply, they may also require assembly or installation. If this is being done in a foreign EU member state, then there may be an obligation to register as a non-resident tax payer. The supply and installation of goods (e.g.
Can You charge VAT on services outside the UK?
What qualifies and the VAT rate you charge depends on the type of goods or services you provide. No VAT is charged on goods or services that are: exempt from VAT. outside the scope of the UK VAT system.
Is the VAT charged only to the customer?
The VAT charged is only the customer’s input tax if the person making the claim acquired, imported or had the goods or services supplied to them. This “supply rule” is set out at VIT11500 in section 24 of the VAT Act 1994. Was the recipient a taxable person at the time the tax was incurred?
How can I work out the VAT on my supplies?
If you make retail sales or provide services to the public, there are a number of special retail schemes which you may use to work out the VAT on your supplies. You should read Retail schemes (VAT Notice 727) and the associated notices which will tell you more about the individual schemes.
When to call the VAT general enquiries helpline?
The VAT general enquiries helpline deals with all general phone enquiries from both businesses and the public about VAT. For example, you can call the service if you have a question about: requests for publications or forms where they’re available in a printed format
Do you have to pay VAT for new water connection?
Once you come to pay the connection charge, we’ll then deduct the application fee, so you’ll just have to pay the difference: A standard connection is £77+VAT per application. The quote you then receive will be valid for six months. After this point you will have to pay a new application fee.