what is the significance of VAT?
923691
http://en.wikipedia.org/wiki/VAT\n\nThis will explain in details about VAT.
302995
is VAT a value added tax?  More taxes means more money coming out of the public sector and into the government.  That means the economy suffers
766682
Look here ---> http://www.taxcorp.co.uk/faq.html
54102
VAT = Value Added Tax. Assuming that you know about the defination of VAT: VAT was introduced in India , the last year replacing ( in most of the states/provinces/counties)the local sales tax. Local sales tax was complex regimen with 1st point taxes and sales against declaration forms..etc etc etc.\n\nWith VAT it is simplified, you need to file the return (statement of sales-purchase)once every 3 months with the taxes(the differential) payable .
646606
There are none. Tax is a neccessary burden on the economy for government apparatus to function, and does not affect economy, at least positively.
757597
The invoice should have your own business details on it in order for you to be eligible to claim the VAT back. It may be worth seeing if the cash and carry will amend the invoice/account if the VAT is worth a lot. \n\nIf you cannot get the invoice amended the taxman may disallow you from recovering the input tax.
451676
You don't say where you're from but in the UK you don't need a prescription to buy them. You can even buy them on Ebay! If you have a medical need for one (diabetes for example) you don't have to pay VAT (tax) on them, but you would need something from a doctor to prove this.
611562
Businesses don`t rip consumers off with VAT - it is a TAX, that gets paid over to the Government, businesses don`t normally retain the funds!\n\nAre you asking the question from the point of view of a consumer, or a businessman?
164808
A vat could also be called a tub: a large open vessel for holding or storing liquids. This one would be made out of glass. \n\nImagine a drinking glass that is shorter and bigger around than 'normal'
729523
Hi \n\nMy company uses many  affiliate schemes including banners.  To answer the first part any income even additional is subject to tax at whatever band your fall into (lower or higher rate). For example if you are in the 40% bracket then you'll pay 40% on any profits you make from it.  This money is taken by the inland revenue after you have completed a self assessment form at the end of a financial year.  \n\nAlso due to many of the main providers of listings such as Google or Yahoo! you do not need to add VAT.  Also unless you earn over around 55k a year you also do not to register for VAT.\n\nHope this helps\n\nSimon
348474
Not sure but I know you can get a 17.5% discount from VAT (value added tax). Ask the person to discount it and file and not to pay VAT.
985071
You are saving on the VAT which if you bought the coins in the UK would be another 17.5%.\n\nBe carefull as if you sell in the UK you may be liable for duty.
859629
"To create the conditions for business success and help the UK respond to the challenge of globalisation."\n\nSuccessful businesses mean more tax revenues  :-)
69890
The government provides protection and services (think highways, police, etc) that contribute to our ability to earn money. It can generally be assumed that people earning money in this country are benefitting from these services, and thus taxes are levied upon them.
910310
I would venture to say that if the service is performed IN Mexico as you say, then YES, VAT is applicable.
42840
Value added Tax is a sales tax added to the sale of goods and services. It is mandatory tax across the EU, though local differences do apply.
1028109
All I know is that Value Added Tax is 17.5% of whatever amount and GST I am not sure what it, I would have helped. Find out from the Authorities responsible for the same.