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How VAT is applied across internal EU borders - utalk
 
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We're talking tax in this edition of Utalk. Petar in Sofia asks: "I am a small business owner in... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2014/01/31/how-vat-is-applied-across-internal-eu-borders We're talking tax in this edition of Utalk. Petar in Sofia asks: "I am a small business owner in Bulgaria, providing both goods and services to customers. I would like to extend my business abroad in the EU, but I am not sure whether VAT is applicable or not. Could you help me?" Jean-Baptiste Meert, a Senior Communication Officer with Europe Direct responds: "As a European Union-based company, VAT is chargeable on most of your sales and purchases, except exports to countries outside the EU. As a business supplying goods or services you must normally register with the tax authorities in the EU country where your business is established. "When you sell goods or services, add the VAT to the price of the goods or services on your invoice. The customer pays you the full amount of the invoice, including the VAT. You must account for this to the tax authorities. If you sell goods or services to business clients in other Member States, you will not have to charge VAT but your business client is, in most cases, liable to pay the VAT in his own Member State. "Similarly, when you are buying goods or services, you must also pay VAT as a customer. However, you can usually deduct that VAT from the VAT you charge your own customers. This means that you need to pay only the difference to the tax authorities, and report these amounts to them in your periodic VAT return. "Sometimes, the VAT your business has paid exceeds the VAT that you have charged to your customers. If so, the tax authorities will reimburse or credit you with the difference. "There are standard EU rules on VAT, but the detailed application of VAT may be different in each EU country. Although VAT is charged throughout the EU, each member country is responsible for setting its own rates. Within each country, there is a standard rate, which applies to all or most supplies, and there may be one or more reduced rates - lower rates that apply to a limited variety of supplies. "Finally, some important categories of goods or services, for example: educational, healthcare and financial services, are mostly exempt from VAT. For more information on VAT registration and invoicing, as well VAT rates in the various EU countries, call 00 800 6 7 8 9 10 11 or check out the website: http://europa.eu/youreurope/business/vat-customs/buy-sell/index_en.htm Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 4371 euronews (in English)
Can I Claim VAT on Buying or Leasing a Car?
 
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Here’s another VAT tip from Jon Davies Accountants. Am I able to claim anything back when I buy or lease a car? Find out in our latest video whether or not you are eligible to reclaim any VAT from having a company car. We are a firm of Chartered Accountants based in Liverpool. We work with business owners across Liverpool, Merseyside, and the whole of the UK. As well as accounts and tax for businesses and individuals, we specialise in business growth advice to entrepreneurs. If you’d like more business advice from Jon Davies Accountants, please subscribe to our channel. If you’d like a chat, please contact us on [email protected] or by phone on 0151 380 8081. You can also subscribe to our email newsletter for more tips at http://eepurl.com/c4DVpv
Determining VAT in the Cash Payments Journal
 
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Entering transactions in the Cash Payments Journal (CPJ), determining the VAT portion of the amounts to entered and the applicable ledger accounts.
Views: 11963 Tutormeonlineza
Dynamics NAV: VAT Basics
 
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Need Help with NAV or Business Central? www.agiligroup.com How does Dynamics NAV handle VAT? I will show you how to set up: VAT Business Posting Groups VAT Product Posting Groups VAT Posting Setup VAT Statements Calc. and Post VAT Settlement Batch Job
Views: 10076 Thomas Terkelsen
RIST POS SOLUTIONS ( VAT Integrated)
 
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RIST POS is a simple and effective POS billing software solution for any small and mid-sized business such as Boutiques, Jewelries, Restaurants, Super markets and other retail business. Our POS billing software could be hosted in your local outlet or on a cloud which can be hosted on our Datacenter with reasonable fees or any other cloud services of your choice which helps in providing real-time data of sales & inventory. RIST POS is loaded with features like touch screen POS billing solution, bar code management, gift cards, purchase management, inventory management, e-commerce API integrations and much more.
Views: 146 RIST SYS
UAE VAT Invoice  Format
 
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If you run an existing business in UAE you need to use an accounting software that can handle the UAE VAT structure so that your business is ready for VAT before 31st Dec 2017. Tally.ERP 9 is your perfect business management solution and VAT compliance software for businesses in UAE. Tally.ERP 9 offers comprehensive business functionalities such as Accounting, Finance, Inventory, Sales, Purchase, Point of Sales, Manufacturing, Costing, Job Costing, Payroll and Branch Management along with compliance capabilities for VAT.
Views: 18322 #VIDYA TV
What is VAT ? | What is CST ? | What is TIN ? Learn about Sales Tax | eCommerce website business
 
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What is VAT ? | What is CST ? | What is TIN ? Learn about Sales Tax | eCommerce website business Sponsored Links: You can support me by buying from the links below ———————————————————————————————————————— My Video Shooting Equipment: My Canon Camera: https://amzn.to/2UohIxP My Nikon Camera: https://amzn.to/2SeKinO My Tripod: https://amzn.to/2RWv2gb Mobile Holder: https://amzn.to/2RSYuU5 My Mic: https://amzn.to/2DEgLvy Jaanie VAT kya hota hai, kaise apply karte hain or ecommerce, online busniess me VAT jruri hai ya nahi VAT is a kind of tax levied on sale of goods and services when these commodities are ultimately sold to the consumer. VAT is an integral part of the GDP of any country. While VAT is levied on sale of goods and services and paid by producers to the government, the actual tax is levied from customers or end users who purchase these. Thus, it is an indirect form of tax which is paid to the government by customers but via producers of goods and services. VAT is a multi-stage tax which is levied at each step of production of goods and services which involves sale/purchase. Any person earning an annual turnover of more than Rs.5 lacs by supplying goods and services is liable to register for VAT payment payment. Value added tax or VAT is levied both on local as well as imported goods. What is TIN number? TIN stands for Taxpayer Identification Number, is unique number allotted by Commercial tax department of respective State. It’s an eleven digit number to be mentioned in all VAT transactions and correspondence. TIN number is used to identify dealers registered under VAT. First two digits of TIN indicate the issued state code. However, Other 9 digit of TIN creation may differs by state governments. TIN is applied for both sales done within a state or between two or more states. Tin is also being used to identify dealers in the same way like PAN, to identification of assesses under income tax act. CST (Central Sales Tax) ) is a form of indirect tax imposed only on goods sold from one state to another state, which particularly takes into account that the buyer and the seller needs to be in two different states. Connect us with: Website/Blog - https://ytadvise.com Facebook - https://www.facebook.com/YTAdvise/
Views: 86098 YTAdvise
paano mag bookkeep ang isang Non VAT Taxpayer
 
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Ano ang mga pagkakaiba ng bookkeeping ng isang VAT Taxpayer at ng isang Non VAT Taxpayer?
TALLY accounts only  (purchase And Sales with VAT  )
 
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Accounts Only Company Creation Purchase / Sales Ledgers Tax Ledgers (Input VAT ,Output VAT) Creation Purchase entry Sales Entry Kerala VAT , Input VAT, Output VAT( In MALAYALAM)
Views: 8340 sinto paravattani
VAT and Purchases in Xero
 
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Watch this video to understand about VAT and Purchases in Xero
Views: 374 XU Academy
Change VAT % in SAP Business One
 
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Quick guide on how to change the VAT % in SAP Business One ERP. To download the free quick guide: https://www.mrcloud.tv/blog/2018/5/14/how-to-change-vat-in-sap-business-one For more help contact EOH: e-mail: [email protected] Contact Centre +27 (0)10 595 4981
Views: 4396 Mr Cloud tv
Tax and VAT issues when trading with countries in the European Union
 
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An introduction to the issues involved when trading with other EU countries. Free online help is available from HMRC for businesses. We run live daily one hour help sessions, called Webinars, with time given to let you ask questions. We also have half hour recorded sessions that you can watch ay any time. All you need for access is a name and an email address. Go here to see the times and topics: http://www.hmrc.gov.uk/webinars/index.htm Go here to see what topics are in the recorded library: http://www.hmrc.gov.uk/webinars/pre-recorded.htm HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 26620 HMRCgovuk
Tally erp 9 Vat entry and Vat returns with Actual Business Data
 
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learn vat voucher entries in tally erp 9 also learn display vat reports. A complete practical project with live business transaction. This video is created by City Commerce Academy , Chandigarh
Views: 224397 Amar Jeet Singh
VAT Explained Amazon FBA - How to Calculate VAT - Amazon FBA UK 2019
 
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In this video I show how VAT applies to all Amazon FBA fees including FBA Fulfilment/Referral Fees and your Pay Per Click (PPC) Sponsored Ads. I also show how to calculate VAT. The easiest way to understand VAT is that there are two types - Input VAT (Purchases) and Output VAT (Sales). Input Vat - This is paid on all purchase product and services to VAT registered businesses. It is also paid and on imports from outside of the EU (i.e. China). Input VAT is reclaimable if you are VAT registered, otherwise it is not reclaimable. Output Vat - This is charged on all of your Amazon product sales once you become VAT registered, it does not apply if you are not registered for VAT. How to Calculate VAT: • Calculate 20% VAT by multiplying by 0.2 (or multiply by 1.2 for VAT inc. Total): £10 x 0.2 = £2.00 VAT£10 x 1.2 = £12.00 inc. VAT • Reverse calculate 20% VAT by dividing by 6 (minus from total for VAT exc. Total): £12 / 6 = £2.00 VAT£12.00 - £2.00 = £10.00 exc. VAT General Vat Notes: • Reclaiming VAT - You don't really claim VAT back (unless you have previously overpaid VAT to the HMRC), instead your Input VAT is deducted from your Ouput VAT and you pay the difference to HMRC. • The standard UK VAT rate is 20%, these are certain products that carry a lower rate e.g. Baby Clothes are 5% and Cycle Helmets 0%. • If your supplier is offering DDP (Delivery Duty Paid) shipping method you will need to ask them to provide an invoice in order to reclaim VAT. • If you use a freight forwarder they be able to supply the relevant VAT invoice. Non-VAT Registered vs VAT Registered Profit Margin Comparison • Non-VAT Registered Profit (Your Price £20.00 - Total Unit Cost £14.04) = £5.96 Per Unit • VAT Registered Profit (Your Price £16.67 - Total Unit Cost £14.04 + Total Input VAT £2.34) = £4.97 Per Unit • So despite charging £3.33 less for the product when VAT registered, in this example you only lose £0.99 of profit as you are able to reclaim £2.34 for Input VAT. When to become VAT registered • If you are a UK resident when turnover reachers £85,000 per annum • If you non UK resident as soon as you start selling in the UK • If you are using PAN-European you must become VAT registered in every country your stock is held • You do not need to be VAT registered if using EFN and under the respective countries VAT threshold If you have any questions about Amazon VAT or FBA Fees drop it in the comments below or email me (my email address is at the end of the video)!
Views: 1331 Darren Lynch
Doing Business in Europe: tax and VAT issues
 
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Erik de Bie, Global Trade, Customs and VAT attorney at Greenberg Traurig, explains how to deal succesfully with tax, customs, VAT and other regulatory issues when considering to export to Europe. For more assistance and slides contact Erik de Bie: [email protected] Or check: www.doingbusinessineurope.eu.
Views: 3820 Gerdie Schreuders
VAT Guidance for Consumers : UAE VAT
 
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VAT Guidance for Consumers in UAE VAT System Insight ERP is a cloud-based VAT compliant accounting software. Complete Solution for Your Entire Business - Insight ERP connects every function across your business - Sales - Purchase - Receivables and Payables - PDC Management - Financial Accounting - Profit analysis, and more Make a difference in your business with Insight ERP. To know more, visit our website: www.econceptme.com To know more about VAT in UAE, please subscribe
Views: 586 E Concept Dubai
UAE VAT ON FREE ZONE COMPANY
 
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1-UAE VAT IMPACT ON DESIGNATED ZONE (FREE ZONE) -2018 2-UNITED ARAB EMIRATES VAT IMPACT ON DESIGNATED ZONE (FREE ZONE) -2018 3-UAE VALUE ADDED TAX IMPACT ON DESIGNATED ZONE (FREE ZONE) -2018 4-UAE VALUE ADDED TAX IMPACT ON DESIGNATED ZONE (JAFZA)/ -2018 ALSO LEARN LEARN BASIC EXCEL TERMS FOR BEGINNERS-LECTURE 01 IN HINDI/URDU https://youtu.be/CbsgPwYdHW8 FINANCIAL REPORTING IN ONE SECOND BY USING EXCEL / VLOOKUP FORMULA || LATEST https://www.youtube.com/channel/UCE8E...
How to Create Purchase and Sale Entry With VAT In Tally ERP9 In Hindi
 
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In this video you will learn how to creat purchase & sale entry with VAt in tally erp9 in hindi. And also learn how to adjust vat entry. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- How To File GSTR 1 - GSTR 1 - In Hindi - https://youtu.be/5PQdNFU0GrI GST : GST Return Filing - GSt Return Form - https://youtu.be/GZRagRYpXbM GST Accounting Entries - Intra & Inter State Purchase and Sales Entries In Tally In Hind - https://youtu.be/LgfeIjIsao0 GST Accounting Entries - GST Accounting Entries In Tally In Hind - https://youtu.be/fv-VX3p1SP8 TDS entry in Tally - https://youtu.be/OiqCz_XQ6s0 More Than 100 Abbreviation - https://youtu.be/OSbwX5yIz3E How To Choose ITR Forms – How To Select ITR Form In Hindi - https://youtu.be/OAXtSGoGvyA Golden Rules of Accounting – How to Create Journal Entry in Hindi - https://youtu.be/6h3r74lqmWw ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Wish your great success, Sudip Mondal ----------------------------------------------------------------------------------------------------------- , , , , Tally ERP 9 Tutorial in hindi, Learn , SAP Workflow, Business Workflow, How-to Oracle Training, E-Business Suite, SAP, MRP, Tally, VAT, purchase and sales entry in tally, purchase entry in tally erp 9, sale entry in tally erp 9, vat in ,
Views: 12798 Free Knowledge Gain
Accounting Process - The Ledger Accounts for Purchases, Returns & VAT
 
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This video tutorial looks at the how to complete the Purchases, Sales, Returns & VAT day books.
Views: 2628 ExamRevision
VAT Registered and Wanting To Purchase an Investment Property? | Green and Peter | 020 8446 8100
 
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http://www.greenandpeter.co.uk/blog/blog Are you a VAT registered business and contemplating purchasing an investment property? Are you aware of the pitfalls this may cause? I recently saw two clients who run a partnership, which is VAT registered, who were also considering purchasing an investment property together. I explained to them that if they did this, the rental income would be deemed as part of their VAT-able income and added on to that of the partnership. This meant that they would lose approximately 17 percent of their rental income to the VAT man. This would therefore have a major impact on their investment yield. We found a way around this to avoid the rental income being attached to the VAT income. If you are a VAT registered business and considering purchasing an investment property, call Green and Peter before it is too late on 020 8446 8100. http://www.greenandpeter.co.uk/blog/blog
Views: 62 Green & Peter
Do I need a valid VAT receipt for every purchase through my business
 
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Find out if you need a valid VAT receipt for every purchase through your business from the experts at Meades Contractors. Find more useful resources on our website: www.meadescontractors.co.uk
VAT in Bahrain - SAP Business One with VAT regimes, impacting all sales and purchase transactions.
 
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Purchase Process in SAP Business One with VAT regimes, impacting all sales and purchase transactions. Get SAP ready for VAT is to tune the ERP system to comply with the VAT regimes.
Views: 82 Inecom MENA
Value Added Tax (VAT) and Taxation in Poland. Investment and Business in Poland
 
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Oruga Group Business and Investment Law ► https://orugagroup.com/en Today's video topic is #VAT - means Value Added Tax. The Polish Value-Added Tax Act of 11 March 2004 is based on European Union Legislation, and in particular, on the provisions of Directive 2006/112/EC on the common system of value added tax so-called the VAT Directive. VAT rates are as follows: 23% is a standard VAT rate. 8% is a reduced VAT rate - applied to supplies of certain food items, medical products, hospitality services and community housing. 5% is also reduced VAT rate - applied to supplies of certain food items, such as bread, dairy products, meats, and selected publications. Entities that wish to conduct activities subject to VAT in Poland must file a registration form before the date of the first taxable activity. Taxpayers who intend to conduct transactions between different EU countries must be EU VAT registered. The annual sales that do not exceed PLN 150,000 are exempt from VAT. However, the taxpayers may choose to pay VAT #tax. It depends on the scope of entity activities and in many cases it is more convenient for the entity to choose being VAT registered. Foreign companies can become a VAT registered companies too, but in order to register for VAT purposes in Poland, entities without a registered office in Poland, permanent place of residence or place of business in the European Union must appoint a tax representative. Tax representatives are responsible for the tax liabilities of the taxpayers they represent. Taxpayers file monthly VAT reports by the 25th of the month following the month in which the tax obligation arose, or quarterly, by the 25th of the month following the quarter in which the tax obligation arose. As a rule, VAT is paid to the tax office at the time of filing an appropriate VAT report. However, in the case of taxpayers paying VAT on a quarterly basis, monthly VAT withholdings must be made if the tax due results from the return filed for the previous quarter. Taxpayers with annual sales of less than EUR 1,200,000 are not required to make monthly withholdings (VAT can be paid quarterly). VAT is deducted, partially deducted or reduced if the criteria are met. As for example the VAT on accommodation and gastronomic services is not subject for deduction. The tax refund is usually paid into the bank account indicated by the taxpayer. As a rule VAT is refunded if requested by the taxpayer in a tax report, within 60 days from the date of filing an appropriate VAT report. The VAT refund period may be shortened to 25 days if additional criteria are met. If no taxable sales are concluded, the taxpayer may apply for a tax refund within 180 days of filing the VAT tax return. #investmentinpoland #businessinpoland Follow us: Facebook ► https://www.facebook.com/oruga.group.llc/ Instagram ► https://www.instagram.com/orugagroup/ Linkedin ► https://www.linkedin.com/company/oruga-group/?originalSubdomain=pl Twitter ► https://twitter.com/orugagroup Сooperation: [email protected] ORUGA GROUP is a law firm and expert of foreign investments in Poland. We provide complex legal services of company registration in Poland and other EU countries. Our main activities are practicing corporate law, providing investment services, offering legal advisory to investment in Europe. Oruga Group Provides: - legal and migration services to Poland - business registration in Poland - complex legal services - business immigration to Poland and EU - residence permit - real estate purchase and investment in Poland On our channel "Oruga Group - Corporate Law & Investment Services", you will get to know about: investments in Poland, where to invest your money, how to start a company in EU, alternative properties in Poland and some ideas about starting a business.
VAT Treatment on Import & Export in UAE- CEO, CA Manu Nair Emiratesca
 
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In this video you will get an insight on how to disclose VAT treatment on Import & Export under VAT Form 201 by CA. Manu Nair, CEO - Emirates Chartered Accountants Group, a leading Auditors and Financial consultants in the UAE. more info call +971 4 250 0290 www.emiratesca.com Emirates Chartered Accountants group is ISO 9001-2008 certified International Chartered Accountants firm in Dubai. Turning back to inception in 2004, Emirates Chartered Accountant and its associate professional firms was a succesful venture of a team of highly skilled Chartered Accountants in dubai. Since then, the group worked towards building their service and empowering themselves among the auditors in dubai. The Group entities comprises of : 1. Emirates Chartered Accountants 2. IEC Emirates Chartered Accountants 3. United Auditing 4. Emirates Accountants services in UK ECA is a member of IEC net on International network of Accountants, Auditors & Taxation professionals. Today, the network has partners in 50 countries and are set to provide the dedicated financial services to the business class in the global market. Company Philosophy Being a talented chartered accountancy firm in Dubai, we have set our philosophy to be consistent in serving our esteemed clients. Dedicated to deliver the excellence in service with high professionalism Customer centric service delivered promptly. Timeliness and discipline followed at every stage. The service always remains worthy of its cost. Follow us Emirates Chartered Accountants Group facebook- https://www.facebook.com/EmiratesCharteredAccountantsGroup/ twitter- https://twitter.com/emiratescagroup
UAE Vat implementation in tally erp9
 
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#tallyvideotutorial #tallytutorials #uaevat #vatimplementation In this video i have described how to create a company and ledgers , vouchers for vat implementation as per UAE vat rules Also the following topics will covers in this videos what are all the ledgers required to create in sales and purchase vouchers how to create sales and purchase ledger, how to create input and output ledger, vat configurations, vat setup in tally erp9, uae vat setup in tally erp 9, vat computation for uae, vat ledger creation in tally erp 9, how to calculate UAE vat in tally erp9, how to generate vat return in tally erp9, #tallyvideotutorial #tallyerp9 #subramani
Views: 18416 tally video tutorial
VAT in QuickBooks (UK)
 
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Learn how QuickBooks can help you save time and manage your VAT with confidence. In this video we'll take you through the entire VAT process from set up through to filing. QuickBooks support is available from https://community.intuit.com/quickbooks-online-uk Ask a VAT question or get help from the QuickBooks Community https://quickbooks.intuit.com/community/VAT/bd-p/VAT Cash or Accrual guide: https://quickbooks.intuit.com/r/bookkeeping/cash-vs-accrual-accounting-whats-best-small-business/ Sign up for a free trial at www.quickbooks.co.uk Like us on Facebook: https://www.facebook.com/QuickBooksUK Follow us on Instagram: https://www.instagram.com/quickbooksuk/ Follow us on Twitter: https://twitter.com/QuickBooksUK Follow us on LinkedIn: https://www.linkedin.com/showcase/qui... Subscribe to our Youtube Channel here: https://www.youtube.com/user/IntuitUK QuickBooks support is available from https://community.intuit.com/quickboo...
Views: 11843 QuickBooks UK
Andrew Yang: A wealth tax is not the way to go
 
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Democratic Presidential candidate Andrew Yang discusses his 2020 presidential bid, universal basic income and why he supports a VAT tax. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: https://video.foxbusiness.com/playlist/longform-lou-dobbs-tonight Trish Regan Primetime: https://video.foxbusiness.com/playlist/longform-trish-regan-primetime Kennedy: https://video.foxbusiness.com/playlist/longform-kennedy Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness
Views: 177800 Fox Business
How the VAT rate increase will affect your business
 
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The current business environment poses a challenge for small business owners even more so now that an increase in value added tax came into effect in last month. Rich Preece, Quickbooks Global Leader joins CNBC Africa to look at the potential effects of that increase on the business beyond consumer demand. https://www.cnbcafrica.com/
Views: 185 CNBCAfrica
VAT Business Training
 
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The VAT implementation office and the Saint Lucia employers federation is stepping up its educational campaign ahead of the implementation date for the new tax. A key workshop was held this week to apprise the private sector in the south of the nuts and bolts of the consumption base tax.
Views: 435 HTS St. Lucia
VAT TRAINING ON MANUFACTURING COMPANY
 
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VAT TRAINING ON MANUFACTURING COMPANY
Views: 645 Vat/tax consultancy
How to Pass Expense Entry in VAT Scenario in Tally ERP
 
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Click on the below link for downloading the Microsoft Excel Short Cut Keys and Formula List in a PDF File http://j.gs/20537633/microsoft-excel-e-book Click here for subscribing the youtube channel for more videos https://goo.gl/bnW6i4 In this Video, we are explaining "How to Pass the Expense Entry for Claiming VAT Input Credit"in Middle East. For learning TAlly Erp 9 in Detailed visit our Website : www.excelskillcorner.com About Tally ERP-9 Tally. ERP 9 is your perfect business management solution and GST software. With an ideal combination of function, control and customizability built in, Tally. ERP 9 permits business owners and their associates to do more. It is a complete product that retains its original simplicity yet offers comprehensive business functionalities such as Accounting, Finance, Inventory, Sales, Purchase, Point of Sales, Manufacturing, Costing, Job Costing, Payroll and Branch Management along with compliance capabilities for VAT, Excise, TDS, TCS, and now GST tool Tally has been designed to fit into your scheme of things. Be it handling exceptions that you may face in your day to day operations or adapting to your way of working, the software handles everything with the required flexibility. Tally empowers you to focus on running and growing your business while it takes care of all complexities. Features in Tally Accounting Management Interest Calculation Cost Centres and Profit Centres Multi-currency Balance Sheet and P&L Cash and Fund Flow Bank Accounting Cheque Management Bank Reconciliation e-Payments Licensing and User Management Defining Security Levels Data Backup and Restore TallyVault Split Financial Year Data Migration from Earlier Versions of Tally Tally Audit Set Budgets and Track Variances Scenario Management Credit Limits and Periods Group Companies Multi-company Multi-lingual Remote Access E-mailing / Uploading Documents Data Synchronisation Help and Support Data Import and Export Tally ODBC Customisation with TDL TallyShop Stock Management Stock Journal Physical Stock Entry Multiple Stock Valuations Inventory Reporting Managing Inventory for Manufacturing Bill of Materials Manufacturing Journal Job Work Job Order Processing Job Work Reports Employee Details Payroll Accounting and Salary Processing Payroll Statutory Purchase Invoicing Purchase Order Receipt Note Purchase Return Purchase Bills Pending and Payment Management Sales Invoicing Sales Order Processing Delivery Note Sales Return Price List and Discount Management Receivables Management and Bill Settlement GST VAT Central Sales Tax Service Tax TDS TCS Excise
Views: 20867 Excelskill Corner
What is VAT Reporting?
 
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A VAT report is a financial document that summarizes a company’s VAT-eligible transactions over a specified accounting period, helping the company complete their VAT Return. If a company is registered for VAT, they must charge VAT on eligible sales (output VAT) and can reclaim the VAT on any purchases made by the business (input VAT). .However, rather than paying and reclaiming VAT from VAT Authorities after each sale or purchase, businesses submit a VAT Return all the end of each accounting period to declare how much VAT they should pay or reclaim for the specified period. A VAT report supports the VAT Return process by listing all of the information related to a company’s input and output VAT and calculating the overall amount of VAT the business should pay or reclaim from VAT Authorities. Output VAT – Input VAT = VAT Payable Input vAT – Output VAT = VAT Receivable
VAT Implementation in the GCC: Is your business ready
 
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Webinar: November 8, 2017 11 A.M. (UAE). VAT Implementation in the GCC. Learn the functional and technical impact of VAT on your business
Views: 3491 Techwave
What is VALUE-ADDED TAX (VAT)? What does VALUE-ADDED TAX (vat) mean?
 
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What is VALUE-ADDED TAX (VAT)? What does VALUE-ADDED TAX (VAT) mean? A value-added tax (VAT) or goods and services tax (GST) is a popular way of implementing a consumption tax in Europe, Japan, and many other countries. All OECD countries except United States have a value-added tax. It differs from the sales tax in that taxes are applied to the difference between the seller-purchased price and the resale price. This is accomplished by taking full tax on all sales, but refunding the tax difference to the sellers. The VAT is an alternative to a sales tax and is meant to deal with a specific problem. While with a sales tax, a business selling goods is responsible for making a subjective decision about the intent of a buyer, the business may not be fully competent to make the decision. If buyers intend to consume the goods themselves, then the seller must collect a tax on the purchase price. If instead buyers intend the goods as capital goods, to be resold at a profit after adding value to them, then the seller must not collect the tax. Additionally, sellers have an incentive to claim that a sale is taxable in order to please customers; this slight conflict of interest could, and probably would, result in an under-collection of taxes. The refund portion of a VAT removes that incentive, and incentivizes accurate collection. If the buyer is a businessperson, then the VAT is a temporary payment to the state, based on the purchase price, eventually to be reimbursed by the state for the initial payment when the goods are resold, usually after adding value to them. Hence collecting the tax is a way to get money back. Consumers, with no possible refund, have no reason to inaccurately report their intended use. The term "value added" refers to the sale price a business charges the customer for a product, minus the cost of materials and other taxable inputs. A VAT is like a sales tax in that ultimately only the end consumer is taxed. It differs from the sales tax in that with the sales tax, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, on the other hand, collections, remittances to the government, and credits for taxes that are already paid occur each time a business in the supply chain purchases products.
Views: 5529 The Audiopedia
Overview of UAE VAT Transaction Flow - Zoho Books
 
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As the countdown to VAT continues, updates on the taxation scheme are omnipresent. You see bits and pieces of information everywhere: newspapers, digital print, and TV. Now is the time to make sure that you understand the full VAT tax flow so that you can comply in real time. Tune in and make sure that you and your business are VAT-ready!
Views: 6712 Zoho
EU VAT Explained for eCommerce Sellers
 
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Vik from SimplyVAT.com explains how online seller should handle VAT when selling into Europe and other VAT countries. Learn the basics like: * The state of the Europe market * When and how to collect VAT * VAT pitfalls to avoid * What Brexit will mean for online sellers selling into Europe Learn more at SimplyVAT.com.
Views: 2408 TaxJar
Calculate input and output vat in sales and purchase entry in tally
 
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This part of video will show the demo on how to compute input and output vat in sales and purchase entries. Once you enter purchase and sales transactions as shown in video you will get the vat report in tally. Once you set features set as i shown in the video, your implementation is ready. Also you can learn how to enter vat purchase and vat sales and input & output tax, cst Note :If any videos on youtube unable to here the voice follow these steps Open the youtube video copy the URl Open VLC Media Player Go to Media Select network team Paste the URL and click on play Increase the valume upto 400% thats it #gaddam subramanyam #gaddamsubramanyam #tallyprofessor #tallytutorials #tallyerp9onlineclasses
Views: 320342 Subramanyam Gaddam
Everything you want to know about VAT on Online Purchases
 
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The Small Business Association recently invited Professor Avinash Persaud, Special Envoy to the Prime Minister for Investment and Finance, to discuss and answer questions on VAT being applied to online purchases. (Special thanks to the Small Business Association for allowing us to share their live presentation)
Views: 88 thebgis
Purchase Book   Reverse Charge Vat HD
 
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Big Red Cloud is a leading supplier of online account’s software to the SME market. Our online account’s software is simple and easy to use and takes only minutes to set up. It is designed to enable smart business people get on with doing what they do best which is to sell their products or services. We believe in giving exceptional value by including multiple users, unlimited transactions, telephone, email, live chat support and free access for your accountant and bookkeeper, all for a low monthly fee. Join over 35,000 businesses that have already made the smart move and get your business up and running with Big Red Cloud’s online accounts. Start your FREE Trial at : http://bigredcloud.com
Views: 86 Big Red Cloud
UK Duty & VAT Explained
 
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When buying goods from outside the EU you’ll have to pay duties and taxes to UK Customs to have them released into the country. Most shipments are subject to Duty and VAT and these are the two main costs to understand before importing. What Duty Will I have to Pay? The amount of Duty you’ll have to pay depends on the declared value of the goods and the type of product that you're importing. Each product is given a different duty rating or percentage. This is normally between zero and 12%. You’ll pay the appropriate percentage for your product on the value of the import. What about Import VAT? VAT on an Import is payable, nearly always at the standard rate, on the amount that you pay for your goods, plus the shipping cost and the Duty. You are effectively paying VAT on everything that it costs for you to buy the goods and get them into circulation in the UK. Give me an Example It’s slightly more complicated than this but crudely… let’s assume you pay your supplier $1500 (we’ll call it £1000) for your goods, the UK Duty rating for these particular goods is 5% and the shipping quote is £350. The UK Duty will be 5% of the cost of your goods. 5% of £1000 is £50. VAT is then payable on the cost of the goods, plus the shipping cost, plus the Duty. These total £1400 and VAT at 20% of that is £280. Cost of Goods : £1000 Duty Rating : 5% Shipping Cost : £350 UK Duty : 5% of £1000 = £50.00 Import VAT : £1000 + £350 + 50 = £1400; 20% VAT on £1400 = £280 On this example the total duties and taxes payable to import these goods would be £330.00 (£50 for UK Duty and £280 for VAT) in addition to the £350 shipping cost. For more information on duties, taxes or shipping costs give us a call on 0203 384 0498 or email us on [email protected] with the details.
Views: 21070 Shippo
SALES AND PURCHASE ENTRY WITH VAT IN TALLY ERP-9
 
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MAKING EDUCATION VIRAL.
Views: 255213 CA Ramesh Pandey
VAT KHATA UPDATR
 
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VAT (Value Added Tax ) Khata Updata Software in using Business . This software Update in Party wise purchase ,sales party wise details, monthly or yearly purchase &sales update . download link http://brijanagroup.blogspot.com/Program
Views: 23 Brijana Com.Info.
What are the most common errors on VAT Returns?
 
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Here’s another VAT tip from Jon Davies Accountants. What are the most common errors on VAT Returns? Watch our latest video to find out the top 10 mistakes. We are a firm of Chartered Accountants based in Liverpool. We work with business owners across Liverpool, Merseyside, and the whole of the UK. As well as accounts and tax for businesses and individuals, we specialise in business growth advice to entrepreneurs. If you’d like more business advice from Jon Davies Accountants, please subscribe to our channel. If you’d like a chat, please contact us on [email protected] or by phone on 0151 380 8081. You can also subscribe to our email newsletter for more tips at http://eepurl.com/c4DVpv
VAT Audit
 
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This video shows the steps to be performed to create party wise summary from Purchase data for a dummy entity. This is useful during MVAT Audits. This video also shows solutions for various issues faced on data obtained e.g. incorrect TIN, Duplicate Transactions, etc. Enrol into my Power Query course for more such tips: https://www.udemy.com/power-query-training-for-excel-2010-2013-2016-powerbi/ Use coupon code - PQYT80 for special discount just for you !!!
Views: 13612 Abhay Gadiya
How to do Sales Purchase CST VAT Tax Accounting in SAP FICO
 
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Introduction To Tax Configurations In SAP Tax configurations are done in SAP at the country level. This is because all businesses in the same country need to follow the same taxation policies and generally accepted accounting principles while preparing their financial statements. Therefore, tax configurations in SAP are done for each country. Any company code which is then created in that country can then automatically use the tax configuration that is done for that country. So tax configurations need not be done for each and every company code again and again. This saves the effort required to carry out the tax configurations for every company code separately. SAP allows the tax rates to be defined internally or the tax rates may be fetched from an external taxation system like Vertex. The tax configurations are stored in SAP in the form of tax calculation procedures and tax codes. These procedures can then be assigned to different countries. These procedures then become available to any company code which is created in that country. The tax rates are provided by the tax codes are the different tax types while the method of calculation is defined in the tax calculation procedure. SAP allows the following taxes to be processed while posting documents: Tax on sales and purchases. Additional taxes like VAT which our country specific. Sales and Use tax as in USA. Withholding tax like income tax in India. Concept Of Tax Jurisdictions Tax jurisdictions represent the government authorities to which the taxes are paid. SAP allows up to 4 levels of tax jurisdictions representing state, county, city and others. The tax jurisdiction structure needs to be defined before the tax jurisdictions can be created in SAP. As mentioned before, the tax jurisdiction structure can have four levels. The tax jurisdiction structure defines the length of characters which will be used to represent each level in the tax jurisdiction code. The tax jurisdiction code structure needs to be defined for every tax calculation procedure. Once the tax jurisdiction code structure has been defined, the next step is to create the actual tax jurisdiction codes. The tax jurisdiction codes need to be created for every government authority to which the tax needs to be paid.
Views: 3298 SAP Tutor Channel
VAT IN TALLY ERP.9 (Release 6.3) UAE
 
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DOWNLOAD FREE TDL : http://www.promptidea.com/tdl-purchase/ For more Details :http://j.gs/BmqH Tally.ERP 9 is recommended by GAZT in Saudi Arabia. If you are in the UAE, you can generate VAT return by breaking down taxable sales transactions Emirate-wise as mandated by the FTA. * Print VAT compliant tax invoices in Arabic, English, or both, as per the mandated guidelines of GAZT and FTA. * Manage transactions such as discounts, freight charges, self-account for reverse charges, input tax credit and advanced receipts. Drill down further to see how VAT is calculated. * VAT return and Audit file can be easily generated with up-to-date calculations. If you are in the UAE, your VAT return gets generated in XML or MS Excel format, and the VAT Audit file in ASCII format as prescribed by the FTA. Tally ERP9 Single User Price AED:2350/- Tally ERP9 Multi User Price AED:7020/- Any One looking For Tally ERP9 Software please Feel Free to contact us :[email protected]
Views: 58566 #VIDYA TV
PrismVAT - VAT Management Software Overview | NBR Recognised VAT Management System
 
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PrismVAT is an NBR recognised VAT management software in Bangladesh. It is an easy-to-use VAT management system. It is approved by the National Board of Revenue (NBR) under the ministry of finance, Bangladesh. The software is mandatory for larger enterprises and service providing companies having annual turnover of BDT 5 crore. The software is fully compatible with VAT Act 1991 & 2012 which automatically generates all the reports of VAT returns & documents related to your business processes such as Sales, Purchase, Price declaration, Production & Current Accounts. PrismVAT is the copyright VAT management software of Divine IT Limited. For more information visit- https://www.prismvat.net/ For business inquiries email at- [email protected] or Call- +8801730071001
Views: 145 Prism ERP

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