 VAT Question
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Joined: Jan 2005
Posts: 1,847
Learned Hand
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OP
Learned Hand
Joined: Jan 2005
Posts: 1,847 |
Noticed this while looking for LED after market .... "Priced per pair £29.78 Excluding VAT £35.00 Including VAT at 17.5%" Do you guys pay 17.5% tax on everything or just stuff for your bikes..... 
Warren
04 Caspian Blue and Silver America
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 Re: VAT Question
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Joined: May 2006
Posts: 3,971
Loquacious
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Loquacious
Joined: May 2006
Posts: 3,971 |
A little off topic: At 22 lamps per unit, the trucking industry has embraced LED technology for the past xx years. If you're looking for prices, you might want to look there. Can't say if you'll find a shape or color you like though. Two of the major players are http://www.truck-lite.com/wcsstore/tl/splash.htmland http://www.grote.com/
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Re: VAT Question
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Joined: Jan 2005
Posts: 7,643
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,643 |
We pay 17.5% on virtually everything, if it is not displayed it will be already in the price. If you are outside the UK, you may get away with not paying the VAT, but you may have to pay something in your own country.
We buy from the US we have to pay 17.5% VAT on the total cost including postage. Then import tax, Customs duty, and then a handling fee. If it is marked as a gift we are allowed a value of I think £20.00, but if the parcel is from a business, i.e stamped with a business header on the package we pay the lot, unless they miss it.
Ray(UK)
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Re: VAT Question
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Joined: Jan 2006
Posts: 7,694 Likes: 22
Monkey Butt
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Monkey Butt
Joined: Jan 2006
Posts: 7,694 Likes: 22 |
Do you also pay tax each payday on your income?
I try to aggravate one person a day. Today may be your day.
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Re: VAT Question
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Joined: Jan 2005
Posts: 7,643
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,643 |
Quote:
Do you also pay tax each payday on your income?
Oh god yes, even if you do not work you still get taxed on the Benefit you receive. Good old Blighty..
Ray(UK)
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Re: VAT Question
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Joined: Mar 2005
Posts: 516
Adjunct
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Adjunct
Joined: Mar 2005
Posts: 516 |
We are Taxed on savings too-I love it!  
"Id rather have a bottle infront of me than a frontal labotomy"
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Re: VAT Question
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Joined: Nov 2005
Posts: 235
Adjunct
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Adjunct
Joined: Nov 2005
Posts: 235 |
Quote:
We are Taxed on savings too-I love it!
And on insurance policies, airline tickets, selling your house, buying a house, living in your house, the electric and gas for your house, the water for your house, a relative dying, anything you buy other than some foodstuffs and some books, next stop is the air you breathe !!!!
Another reason I quit the U.K. and moved to Spain. 
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Re: VAT Question
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Joined: Sep 2007
Posts: 820
3/4 Throttle
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3/4 Throttle
Joined: Sep 2007
Posts: 820 |
V.alue A.dded T.ax also rises regularly... next we'll be paying VAT on VAT 
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Re: VAT Question
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Joined: Jul 2005
Posts: 2,254
Oil Expert
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Oil Expert
Joined: Jul 2005
Posts: 2,254 |
Let me tell you how it will be;
There's one for you, nineteen for me.
'Cause I’m the taxman,
Yeah, I’m the taxman.
Should five per cent appear too small,
Be thankful I don't take it all.
'Cause I’m the taxman,
Yeah, I’m the taxman.
(if you drive a car, car;) - I’ll tax the street;
(if you try to sit, sit;) - I’ll tax your seat;
(if you get too cold, cold;) - I’ll tax the heat;
(if you take a walk, walk;) - I'll tax your feet.
Taxman!
'Cause I’m the taxman,
Yeah, I’m the taxman.
Don't ask me what I want it for, (ah-ah, mister Wilson)
If you don't want to pay some more. (ah-ah, mister heath)
'Cause I’m the taxman,
Yeah, I’m the taxman.
Now my advice for those who die, (taxman)
Declare the pennies on your eyes. (taxman)
'Cause I’m the taxman,
Yeah, I’m the taxman.
And you're working for no one but me.
Taxman!
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Re: VAT Question
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Joined: May 2006
Posts: 3,971
Loquacious
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Loquacious
Joined: May 2006
Posts: 3,971 |
We are selling off a vehicle fleet. Since the vehicles were part of a depreciation schedule, every penny of the proceeds will be taxed as corporate income. If we pocket the money, it will be taxed AGAIN as personal income. At least they spend it wisely... 
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Re: VAT Question
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Joined: Sep 2007
Posts: 755
3/4 Throttle
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3/4 Throttle
Joined: Sep 2007
Posts: 755 |
got 240$ = £120 worth of goodies from newspeedmaster. had to pay 40$ =£20 vat and $16 = £8 handling charge. but still the goodies were alot cheaper and better choice than what i could get in the uk.
2003 black and silver T.B.A A1 removed,Specialty Spares long slashed Pipes .
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Re: VAT Question
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Joined: Jul 2006
Posts: 879
3/4 Throttle
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3/4 Throttle
Joined: Jul 2006
Posts: 879 |
At the moment we don't pay VAT on food or childrens clothing. But the EU want to change all that and increase the rate to 22%.
Seems we can't support their gross extravagance, illegal and corrupt practices, expenses fiddles, grant skimming scams and incompetence on 17.5% Value (??) Added Tax.
One ex-leader of the opposition Mr Neil Kinnock (The Welsh Windbag) on being heavily defeated in a general election helped get his wife elected as a euro mp then became her boss. He then he suspended a corruption whistle-blower and did sweet fanny adams about corruption except milk it for all it was worth.
If you do it today you MIGHT regret it. If you CAN'T do it tomorrow you WILL regret it.
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Re: VAT Question
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Joined: Oct 2005
Posts: 3,463
Loquacious
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Loquacious
Joined: Oct 2005
Posts: 3,463 |
I've spent US$74 on some things from Cafe Press for my mum for Xmas. It's currently at the sorting office as I've had to pay £13.95 in customs et al charges..... And it's only 8% on household gas and electricity and 0% on safety stuff...like my work boots.
Gina
03 America - Pretty stock - except the TBS wheel... 
06 America - missing, presumed in bits. With it's TBS wheel... 
09 America - It's very blue....
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Re: VAT Question
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Joined: Jun 2007
Posts: 3,402 Likes: 7
Loquacious
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Loquacious
Joined: Jun 2007
Posts: 3,402 Likes: 7 |
I have to charge VAT. People not in the know think I get that extra 17.5% myself. Not the case, well not all of it anyway. Every quarter, I get to write a cheque to HM Customs and Excise .... It also means if I'm competing against some bloke who is not VAT registered (for whatever reason  ) I get to come out 17.5% more expensive than him. Times like that, I have to rely on wit, charm and my devilish good looks to get the work I can never compete against the 'friend of a friend' who is prepared to work for pound notes.
"You can't believe everything you read on the internet" : William Shakespeare
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Re: VAT Question
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Joined: Sep 2007
Posts: 820
3/4 Throttle
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3/4 Throttle
Joined: Sep 2007
Posts: 820 |
Aren't they Beatles lyrics? Quote:
Let me tell you how it will be;
There's one for you, nineteen for me.
'Cause I’m the taxman,
Yeah, I’m the taxman.
Should five per cent appear too small,
Be thankful I don't take it all.
'Cause I’m the taxman,
Yeah, I’m the taxman.
(if you drive a car, car;) - I’ll tax the street;
(if you try to sit, sit;) - I’ll tax your seat;
(if you get too cold, cold;) - I’ll tax the heat;
(if you take a walk, walk;) - I'll tax your feet.
Taxman!
'Cause I’m the taxman,
Yeah, I’m the taxman.
Don't ask me what I want it for, (ah-ah, mister Wilson)
If you don't want to pay some more. (ah-ah, mister heath)
'Cause I’m the taxman,
Yeah, I’m the taxman.
Now my advice for those who die, (taxman)
Declare the pennies on your eyes. (taxman)
'Cause I’m the taxman,
Yeah, I’m the taxman.
And you're working for no one but me.
Taxman!
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Re: VAT Question
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Joined: Sep 2007
Posts: 755
3/4 Throttle
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3/4 Throttle
Joined: Sep 2007
Posts: 755 |
2003 black and silver T.B.A A1 removed,Specialty Spares long slashed Pipes .
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Re: VAT Question
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Joined: Jan 2005
Posts: 7,643
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,643 |
Quote:
I have to charge VAT.
People not in the know think I get that extra 17.5% myself. Not the case, well not all of it anyway.
Every quarter, I get to write a cheque to HM Customs and Excise ....
It also means if I'm competing against some bloke who is not VAT registered (for whatever reason ) I get to come out 17.5% more expensive than him.
Times like that, I have to rely on wit, charm and my devilish good looks to get the work
I can never compete against the 'friend of a friend' who is prepared to work for pound notes.
Somebody is showing his age, "he means pound coins boys n girls"..
Ray(UK)
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Re: VAT Question
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Joined: Apr 2006
Posts: 2,623 Likes: 2
Loquacious
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Loquacious
Joined: Apr 2006
Posts: 2,623 Likes: 2 |
So much for the idea of a national sales tax.
Kevin - Luceo Non Uro
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Re: VAT Question
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Joined: Jun 2007
Posts: 3,402 Likes: 7
Loquacious
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Loquacious
Joined: Jun 2007
Posts: 3,402 Likes: 7 |
Quote:
Quote:
I have to charge VAT.
People not in the know think I get that extra 17.5% myself. Not the case, well not all of it anyway.
Every quarter, I get to write a cheque to HM Customs and Excise ....
It also means if I'm competing against some bloke who is not VAT registered (for whatever reason ) I get to come out 17.5% more expensive than him.
Times like that, I have to rely on wit, charm and my devilish good looks to get the work
I can never compete against the 'friend of a friend' who is prepared to work for pound notes.
Somebody is showing his age, "he means pound coins boys n girls"..
"Pound notes" .. the generic term used for people who get paid cashbackhander
"You can't believe everything you read on the internet" : William Shakespeare
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Re: VAT Question
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Joined: Jan 2005
Posts: 2,201 Likes: 1
Oil Expert
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Oil Expert
Joined: Jan 2005
Posts: 2,201 Likes: 1 |
Quote:
Trying to work out how my tba can be part of the business when i buy goodies from the states tho
Easy, register it as a company vehicle! An occasional member here, Martyn, registered his Rocket 3 through his company, and even managed to get back the VAT he paid to buy it.
If you send him a pm, I am sure he will offer advice on what to do!
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Re: VAT Question
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Joined: Jan 2005
Posts: 1,933 Likes: 3
Learned Hand
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Learned Hand
Joined: Jan 2005
Posts: 1,933 Likes: 3 |
Quote:
but if the parcel is from a business, i.e stamped with a business header on the package we pay the lot, unless they miss it.
So when I ship to the UK Ray, I should NOT use my Fast eddy Sports return labels? I'll take care not to follow that practice in the future.
eddy
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Re: VAT Question
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Joined: Jan 2005
Posts: 7,643
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,643 |
Quote:
Quote:
but if the parcel is from a business, i.e stamped with a business header on the package we pay the lot, unless they miss it.
So when I ship to the UK Ray, I should NOT use my Fast eddy Sports return labels? I'll take care not to follow that practice in the future.
eddy
Spot on Eddy,
Ray(UK)
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Re: VAT Question
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Joined: Jun 2005
Posts: 2,477
Oil Expert
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Oil Expert
Joined: Jun 2005
Posts: 2,477 |
Some Presidential candidates over here are promoting a 'Fair Tax' (amounting to a national VAT) to replace the current Federal Income Tax system now in place. The advocates say/claim the plan would continue the existing level of federal funding from income taxes while eliminating the Internal Revenue Service and would replace income taxes, Social Security taxes, corporate taxes, and a few other current means of revenue by placing a flat tax on all consumer goods nationwide. What they don't explain is how this would replace the state level income taxes as well as property taxes on assessed real property such as cars, boats, houses, etc. While a 'Fair Tax' sounds good on the surface, I doubt it would ever be enacted, and if it were to be enacted, whether it would work well enough to provide the revenue to the government which is now realized by the current (albeit screwed up and complicated) tax codes. I also think it would encourage black and gray market economies to spring up.
I don't envy you all in the UK and other places where not only is an inflated VAT imposed, but you ALSO have huge income and property taxes assessed. I suppose that your government(s) NEED the extra revenue to fund all the surveillance cameras Big Brother seems to be so fond of 'over there.'
JB
"Long live the Duck Force!"
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Re: VAT Question
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Joined: Jan 2005
Posts: 7,643
Monkey Butt
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Monkey Butt
Joined: Jan 2005
Posts: 7,643 |
Quote:
I suppose that your government(s) NEED the extra revenue to fund all the surveillance cameras Big Brother seems to be so fond of 'over there.'
Hey JB the government reckon that in the major cities of the UK, you are on a surveillance camera. You do not even get away with if you do not get out of your car as they now have
Automatic Number Plate Recognition (ANPR)
Quote:
Automatic Number Plate Recognition (ANPR) is probably the next growth product to take off in the UK,(and the world) in fact, it is already beginning to be the biggest potential earner for installation companies. Network systems were all the hype in recent years but have not really grown as the pundits originally predicted. One problem is that it crosses technological barriers and the needs of available bandwidth were conveniently obscured.
On the other hand ANPR technology is completely within the scope of knowledge of CCTV companies, although there are a few new terms and technologies to come to grips with. As with previous new developments there is plenty of scope for the industry to deliver more hype and misinformation. There are pitfalls for the unwary and this and future articles will aim to explain some of these for the customer and installer (or, systems integrator).
We are grateful for assistance in producing this article to CitySync for the APR system and Derwent CCTV for information on infrared illumination.
We will start by considering ANPR for a single lane using a dedicated camera and go on to discuss some other applications such as multi-lane systems and Town Centre systems with colour cameras.
These are linked to the database at DVLA/Police, and it scans your reg plate and the details come back within seconds. They then know if the car is stolen, taxed, licenced and the owner etc.
We even have people watching you to make sure you do not drop your fag ends and litter in the cities.
Last edited by birchr; 12/06/2007 7:06 PM.
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Re: VAT Question
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
JB, What I don't understand is what's so hard about a FLAT RATE INCOME TAX? One flat rate...period. No deductions...PERIOD! All these deductions that have accumulated over the years were nothing but special interests having their way with the I.R.S. via Congress. I ask: Wouldn't "simplifying to the basics" release many of the funds that go to just operating the I.R.S. in the first place. I know H&R Block and all the other companies and individuals who have profited over the years by "helping" us taxpayers make some sense of this presently overly complicated system may not approve....but frankly, I don't care about them, dude. Let 'em get a job countin' beans with some firm that needs their beans counted.
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: VAT Question
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Joined: Jan 2005
Posts: 761
3/4 Throttle
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3/4 Throttle
Joined: Jan 2005
Posts: 761 |
Quote:
So when I ship to the UK Ray, I should NOT use my Fast eddy Sports return labels? I'll take care not to follow that practice in the future.
eddy
Be VERY careful Eddy. This may constitute federal law infringement and they don't look too kindly on this. We get asked to falsify Customs documents all the time. I'm ALL for screwing the govt as much as possible. Unfortunately, it's just not worth the potential consequences.
-brent
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Re: VAT Question
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Joined: Sep 2007
Posts: 820
3/4 Throttle
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3/4 Throttle
Joined: Sep 2007
Posts: 820 |
Quote:
Quote:
So when I ship to the UK Ray, I should NOT use my Fast eddy Sports return labels? I'll take care not to follow that practice in the future.
eddy
Be VERY careful Eddy. This may constitute federal law infringement and they don't look too kindly on this. We get asked to falsify Customs documents all the time. I'm ALL for screwing the govt as much as possible. Unfortunately, it's just not worth the potential consequences.
-brent
Have key fob for sale for the correct amount and make the 'real' item a gift with the purchase. Post them separately. There must be some loop hole.
Paying that customs tax has stopped me buying from over the pond. I'll just browse the personal classified for gear... its cheaper.
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