In message
<[EMAIL PROTECTED]>,
John Rodgers <[EMAIL PROTECTED]> writes
Well, it's Friday afternoon and this thread is already way off topic
so.....
These are all good arguments in favor of (fanfare goes here)
www.fairtax.org
The European VAT system is pretty simple in concept ...
Trade between two 'people' who pay VAT is tax-exempt (that effectively
means business to business, tax on materials).
If one party is not tax-registered, the tax payable is that due at the
point of sale. In other words, as I'm in the UK ... if I buy from
Germany, I pay German VAT. If I buy from the shop down the road, I pay
UK VAT.
If I were registered, I wouldn't pay my suppliers any tax. I would
charge my customers UK VAT, and account to HMRC for it.
The only exception to this is for people like Americans ... :-) If you
have a non-EU passport, and get the correct paperwork at the point of
purchase, you can reclaim the VAT when you leave the Union (I think you
have to get the paperwork as you leave the relevant country, then the
refund is sent to your home address).
Cheers,
Wol
--
Anthony W. Youngman <[EMAIL PROTECTED]>
'Yings, yow graley yin! Suz ae rikt dheu,' said the blue man, taking the
thimble. 'What *is* he?' said Magrat. 'They're gnomes,' said Nanny. The man
lowered the thimble. 'Pictsies!' Carpe Jugulum, Terry Pratchett 1998
Visit the MaVerick web-site - <http://www.maverick-dbms.org> Open Source Pick
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