Buying office equipment from EU - VAT


J

JRS

I would like to buy some office equipment from Portugal that the supplier
will sell to me net of Taxes. They are registered for EU VAT. Do I ever get
to pay VAT on it if I don't sell it on? Presumably if I become a reseller
for this supplier I would pay VAT on selling it?

Sorry if this question is a bit dim but I am not great on VAT and when it
comes to EU purchases I'm lost.

Thanks

Jon
 
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F

Fred

JRS said:
I would like to buy some office equipment from Portugal that the supplier
will sell to me net of Taxes. They are registered for EU VAT. Do I ever get
to pay VAT on it if I don't sell it on? Presumably if I become a reseller
for this supplier I would pay VAT on selling it?

Sorry if this question is a bit dim but I am not great on VAT and when it
comes to EU purchases I'm lost.

Thanks

Jon
The real question you should be asking yourself is "are you registered for
VAT". For the Portuguese supplier to supply to you free of Portuguese VAT
he ought to have your registration number.
 
J

JRS

Fred said:
The real question you should be asking yourself is "are you registered for
VAT". For the Portuguese supplier to supply to you free of Portuguese VAT
he ought to have your registration number.
Yes we are
 
D

DoobieDo

JRS said:
Yes we are
then you include the value of Portugese VAT in boxes 2 and 4 (net effect
zero) and value of goods in box 9 of your VAT return.
They may send you an intrastat form to complete - one liner, POP
 
P

Peter Saxton

then you include the value of Portugese VAT in boxes 2 and 4 (net effect
zero) and value of goods in box 9 of your VAT return.
They may send you an intrastat form to complete - one liner, POP
That's wrong.

You should take the amount you paid and put it in box 9. Multiply this
by the UK VAT rate and put that in boxes 2 and 4.

Portugese VAT has nothing to do with it.
 
A

Andy Lord

Peter said:
That's wrong.

You should take the amount you paid and put it in box 9. Multiply this
by the UK VAT rate and put that in boxes 2 and 4.

Portugese VAT has nothing to do with it.
Or you could just forget to do it and achieve the same net result.
 
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P

Peter Saxton

Or you could just forget to do it and achieve the same net result.
There is that temptation but it's best not to. If you can do something
right it looks better if anyone checks.
 
J

JRS

Peter Saxton said:
There is that temptation but it's best not to. If you can do something
right it looks better if anyone checks.

--
Thanks all, if the net result is not paying VAT that's fine and I will do it
properly on the accounts system so it does my VAT100 ok

Jon
 
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N

Nogood Boyo

That's wrong.

You should take the amount you paid and put it in box 9. Multiply this
by the UK VAT rate and put that in boxes 2 and 4.

Portugese VAT has nothing to do with it.
You can only put the same amount in box 4 as in box 2, if you are
entitled to recover your input tax in full.

If for example you are partly exempt (which depends upon the nature of
your business, which we do not know), you can NOT put the full amount in
box 4 and the net effect is NOT zero.
 

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