User Account

All Pages

Explain how jason will deal with the vat implications

Assignment Help Cost Accounting
Reference no: EM13558831

Jason is a sole trader who has recently registered for value added tax (VAT). He buys and sells goods and services to other businesses in the European Union (EU) and outside the EU.

Required

(a) State how supplies of goods made by Jason to a VAT registered trader in another EU state will be treated for VAT.

(b) Explain how Jason will deal with the VAT implications of buying goods from a VAT registered trader in another EU state. State the tax point for acquisitions of goods in the UK from other VAT registered businesses in the EU.

(c) Explain how Jason will deal with the VAT implications of importing goods from outside the EU. You may assume that Jason is not a regular importer of goods from outside the EU.

State how the supply of services by Jason outside the EU will be dealt with for VAT

Reference no: EM13558831

Questions Cloud

Evaluate the speed of the block after it leaves the spring : A 2.00 kg block of ice is placedagainst a horizontal spring that has force constant k = 220 N/m andis compressed 0.037 m. What is the speed of the block after it leaves the spring
Prepare a memorandum for the managing director : Prepare a memorandum for the managing director of Cedric Coffee that discusses the main issues that led to the development of international corporate governance codes.
What is the total work done on the crate : A factory worker pushes a 25.0 kgcrate a distance of 4.6 m along a level floor at constant velocityby pushing horizontally on it. What is the total work done on the crate
Where does the bare come from in spring equation : Where does the bare (5) come from, in the spring equation. I know where the .5 comes from (1/2), I know where the 1.2 comes from (Spring force), I know where the .05 comes from (5 CM, right?) -- so where does the 5 come from, and why isn't the .05 cm..
Explain how jason will deal with the vat implications : Explain how Jason will deal with the VAT implications of buying goods from a VAT registered trader in another EU state. State the tax point for acquisitions of goods in the UK from other VAT registered businesses in the EU.
What magnetic field should be used to send beryllium : When beryllium-7 ions (m = 11.65 x 10-27 kg)pass through a mass spectrometer, a uniform magnetic field of 0.322T curves their path directly to the center of the detector, as inthe drawing. For the same accelerating potential difference, whatmagnet..
Evaluate the magnetic flux that passes through the floor : A house has a floor area of 113m2 and an outside wall that has an area of 33 m2. Calculate the magnetic flux that passes through the floor
Calculate the amount of vat : Calculate the amount of VAT which Justin must pay to HM Revenue and Customs for the quarter - All amounts exclude any VAT unless otherwise stated
What is the radius of the chamber : At an amusement park there is a ride in which cylindrically shapedchambers spin around a central axis. People sit in seats facing the axis, their backs against the outer wall. At one instant the outerwall moves at a speed of 3.5 m/s, and an83 kg pers..

Reviews

Write a Review

Cost Accounting Questions & Answers

  What was variable cost of goods sold for 2010

What was the actual production cost per quart under variable costing? Under absorption costing and what was variable cost of goods sold for 2010 under variable costing?

  Find the breakeven point in units for each product

find the breakeven point in units for each product - The company's fixed costs are $2,040

  Net effect on the profits of the tuner division

What will be the net effect on the profits of the Tuner Division, the Assembly Division, and the company as a whole? Show relevant calculations.

  Prepare a sales budget in units and dollars

Prepare a sales budget in units and dollars for the first quarter of 2008 and prepare a schedule of expected cash collections from Customers for the first quarter of 2008

  Prepare the necessary adjusting entry for 2010

Calculate Smiths preadjustment balance in accounts receivable and prepare the necessary adjusting entry for 2010.

  Question mazeppa corporation sells relays at a selling

question mazeppa corporation sells relays at a selling price of 28 per unit. the companys cost for every unit based on

  Calculate total contribution expected year for alaire

Identify at least four general advantages that are associated with activity-based costing and calculate the total contribution expected this year for Alaire Corporation's products: the TV board and the PC board.

  Where would these translation gains or losses show up

At the current spot rate of $0.21/NKr, calculate Halon Norway's accounting exposure under the current/noncurrent, monetary/nonmonetary, temporal, and current rate methods.

  Compute the manufacturing overhead rate

What is the amount of under- or overapplied overhead at December 31 and compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)

  Kirkaid company recorded the following transactions

Kirkaid Company recorded the following transactions for the just completed month. Record the above transactions in journal entries.

  Vasquez ltd is a retailer operating in edmonton alberta

vasquez ltd. is a retailer operating in edmonton alberta. vasquez uses the perpetual inventory method. all sales

  Q1 a 10 change in a firms revenues is likely to result in a

q1 .a 10 change in a firms revenues is likely to result in a change of more than 10 in the firms operating income

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd