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Hi all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.
Yay new build!
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Ok, so trying to get my head around this. No VAT is paid initially (or at all, eventually), am I right here? I'm horrible with taxesIt is only deducted at source-if you don't have a Vat number, but if they can claim it back they will be giving the 23% back to you anyway?
Once you are Vat registered and you buy from any Vat registered EU company, you should not have to pay Vat. Best ring them before putting on your order to confirm (Just checked with my mate who is an accountant & his company deal with French/Dutch companies).
Edit:
Give a look here;
I am a VAT registered person. Can I buy goods VAT free from a business in another Member State of the E.U.?
Yes, once the goods are purchased for the purposes of your business. The purchase of goods from a person in another E.U. Member State is called, in VAT terminology, an 'intra-Community acquisition' of the goods. The sale of goods to a VAT registered person in another Member State is called an 'intra-Community supply'. The procedures to be followed are set out below:
You must quote your VAT number to the supplier. The supply will then be zero-rated in the Member State of dispatch as an E.U. intra-Community supply.
You (the taxable customer) become liable for VAT on the acquisition of the goods in this State. You must account for VAT on the goods at the rate that would apply to the supply of those goods in Ireland.
To do this, you declare a liability for VAT in your VAT3 return form in the T1 box.
If you are entitled to full deductibility (input credit), the VAT payable on the intra-Community acquisition is deducted in the same VAT period at T2 on the VAT3, thus effectively cancelling out the VAT liability. If you are not entitled to deductibility (e.g. flat-rate farmer, State body) you put a zero in the T2 box. If you are entitled to partial deductibility, and the good represents a 'dual-use input', you may claim the appropriate percentage of the VAT, as agreed with the local Revenue District.
You must also account for VAT on any subsequent supply of the goods in the appropriate VAT return.
In addition to the accounting requirements above, the VAT 3 return requires the taxable person to declare summary VAT details. It includes a statistical box in respect of intra-Community Acquisitions that must be completed (E2).
Further information is available in the information leaflets on the subjects of E.U. Intra-Community Acquisitions and E.U. Intra-Community Supplies on the Revenue website.
Just make sure its in her company name & quote the Vat no. and you will be fine.
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Skylinehead wrote: »
Ok, so trying to get my head around this. No VAT is paid initially (or at all, eventually), am I right here? I'm horrible with taxesIt is only deducted at source-if you don't have a Vat number, but if they can claim it back they will be giving the 23% back to you anyway?
Once you are Vat registered and you buy from any Vat registered EU company, you should not have to pay Vat. Best ring them before putting on your order to confirm (Just checked with my mate who is an accountant & his company deal with French/Dutch companies).
Edit:
Give a look here;
[COLOR="Blue"]
I am a VAT registered person. Can I buy goods VAT free from a business in another Member State of the E.U.?
Yes, once the goods are purchased for the purposes of your business. The purchase of goods from a person in another E.U. Member State is called, in VAT terminology, an 'intra-Community acquisition' of the goods. The sale of goods to a VAT registered person in another Member State is called an 'intra-Community supply'. The procedures to be followed are set out below:
You must quote your VAT number to the supplier. The supply will then be zero-rated in the Member State of dispatch as an E.U. intra-Community supply.
You (the taxable customer) become liable for VAT on the acquisition of the goods in this State. You must account for VAT on the goods at the rate that would apply to the supply of those goods in Ireland.
To do this, you declare a liability for VAT in your VAT3 return form in the T1 box.
If you are entitled to full deductibility (input credit), the VAT payable on the intra-Community acquisition is deducted in the same VAT period at T2 on the VAT3, thus effectively cancelling out the VAT liability. If you are not entitled to deductibility (e.g. flat-rate farmer, State body) you put a zero in the T2 box. If you are entitled to partial deductibility, and the good represents a 'dual-use input', you may claim the appropriate percentage of the VAT, as agreed with the local Revenue District.
You must also account for VAT on any subsequent supply of the goods in the appropriate VAT return.
In addition to the accounting requirements above, the VAT 3 return requires the taxable person to declare summary VAT details. It includes a statistical box in respect of intra-Community Acquisitions that must be completed (E2).
Further information is available in the information leaflets on the subjects of E.U. Intra-Community Acquisitions and E.U. Intra-Community Supplies on the Revenue website.[/COLOR]
Just make sure its in her company name & quote the Vat no. and you will be fine.
In a nutshell yes. I was a sole trader for 5/6 years (and soon to be back at same
) and my main client was uk based. I allways invoiced excluding vat as I was not uk based, I could have, but it creates hassle for both parties.
If I was doing work for A. Irish company, I had to charge vat. Basically the way it worked (few years back) is at the end of vat period you do a return, and the amount of vat you spent on work related expenses was deducted off what you charged, the balance you owed the vat man.
As above, ask the person with the vat
No. to purchase using their company aloes them to claim the vat back. They might want to confirm with their accountant.
Edit:
Not sure about Hwvs, but amazon.de bump the vat from 19% to 23% when I order from here (as a civilian/not. A reg business), imagine its same for all.
@ frozen, not sure tbh, yes they definatley have to say its for the business if they are buying for the company-not sure about the rest, there is prob a limit to the amount of stuff out can write off, they might be at that already.0 -
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This can be the case..as far as i know from studing tax in my degree the revenue can ask any VAT registered company or person to allow them to complete an audit of their company..and sometimes companies are picked at random but it shouldn't be too hard to convince them about a computer..as in every business keeping records and office work now is the norm..I doubt that they'd go into details of particular components just overall price but still you can just say I went for quality parts and future proofing. I can't see how any extra charges would be incurred tho.
The general rule for buying inside the eu vis the internet is that VAT is paid on items at the rate applicable in the country where the goods are being bought..ie Germany for HWVS.. So it would be 19% however if that company's total purchases from people from a certian member state reaches a threshold (varies from €34,000 to €100,000 depending on the state) then they are liable to register for VAT to be charged at the rate in the destination member state..ie in this case Ireland so 23%. However a company can opt to take this approach no matter what the level of sales is..
So I'd say HWVS has to charge VAT at our rate beause it is above the threshold..
Basically a summary of the eu customs information page..
So we're kinda being screwed out if 4% savings because of the popularity of HWVS in ireland..
Thanks for posting that, very interesting. Sounds like HWVS are shifting a lot of gear if they are at that Vat threshold...BTW they're crap people, don't bother with em
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Thanks for posting that, very interesting. Sounds like HWVS are shifting a lot of gear if they are at that Vat threshold...BTW they're crap people, don't bother with em
Ireland's threshold is €35,000 so that means that all it would take is say 35 full builds ordered at €1000 to break that so its not that much considering that's in a year for the entire Irish population buying any parts from them for a year. ..and if they break the threashold in one year the must do it for subsequent years..But in a way its not too bad ad VAT on everything we buy from them goes to the Irish government and we all know how much they're in need of funds 0 -
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