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In the UK VAT is charged on paint.

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14y ago

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A vat of paint at a factory holds 84 gallonsthe panit is begging poured into tins that hold 384 fluid ounces eachhow many tins can you fill with 1 vat of paint?

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Is vat charges on paint brushes?

Yes, VAT (Value Added Tax) is typically charged on paint brushes, as they are considered general goods subject to taxation. However, the exact VAT rate may vary by country and specific regulations. In some cases, certain types of paint supplies may be exempt or have reduced rates, so it's important to check local tax laws for precise information.


How many types of vat?

The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %


Gross of vat and net of vat?

There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.


How do you calculate vat intput and output?

To calculate VAT input and output, first identify the VAT you paid on purchases (input VAT) and the VAT you charged on sales (output VAT). Input VAT is the tax included in the cost of goods or services acquired for business use, while output VAT is the tax collected from customers on sales. To determine the VAT you owe to the tax authorities, subtract the total input VAT from the total output VAT. If the output VAT exceeds the input VAT, you pay the difference; if the input VAT exceeds the output VAT, you may be eligible for a VAT refund.


How can I reclaim VAT?

To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.


What is VAT output and VAT input?

VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT


Is net of vat is the same with vat inclusive?

vat exclusive


Is net of vat and vat inclusive the same?

No, net of VAT and VAT inclusive are not the same. "Net of VAT" refers to the price before any VAT is added, while "VAT inclusive" indicates the total price that includes VAT. For example, if a product costs $100 net of VAT and the VAT rate is 20%, the VAT inclusive price would be $120. Understanding the distinction is crucial for pricing and accounting purposes.


Do you pay vat if the customer is vat exempt?

no. because when customer is notpaing vat only he have vat exwmption only/


Calculate 15 percent vat in 545?

If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75


Does a person who is not a vat vendor have to pay vat for services from a vat vendor?

Yes, a person who is not a VAT vendor is generally required to pay VAT on services received from a VAT vendor. The VAT is typically included in the price of the services, and the VAT vendor is responsible for collecting and remitting that tax to the government. However, if the recipient of the services is a consumer or business that is not registered for VAT, they cannot claim back the VAT paid.