A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.
WHAT DOES VAT RECEIPT MEAN IN ENGLISH?
A value-added tax is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs. The purpose of VAT is to generate tax revenues to the government similar to the corporate income tax or the personal income tax. The value added to a product by or with a business is the sale price charged to its customer, 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 latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products.
The translations of VAT receipt from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «VAT receipt» in English.
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «VAT receipt».
FREQUENCY OF USE OF THE TERM «VAT RECEIPT» OVER TIME
The graph expresses the annual evolution of the frequency of use of the word «VAT receipt» during the past 500 years. Its implementation is based on analysing how often the term «VAT receipt» appears in digitalised printed sources in English between the year 1500 and the present day.
Examples of use in the English literature, quotes and news about VAT receipt
10 ENGLISH BOOKS RELATING TO «VAT RECEIPT»
Discover the use of VAT receipt in the following bibliographical selection. Books relating to VAT receipt and brief extracts from same to provide context of its use in English literature.
Building Law Encyclopaedia
Firms use various methods to overcome the problems, such as submitting a
statement of the amount due and sending out a VAT receipt only on receipt of
payment including VAT. Although this may be possible in the case of professional
David Chappell, Michael Dunn, Michael Cowlin, 2009
The only difference: the US. receipt includes the sales tax as part of the
calculation of how much is owed, and the VAT receipt includes VAT paid as a
separate display after the total payment. And that VAT total is likely more accurate
than the ...
John Mikesell, 2013
Tax Without Tears: Tax and Accounts for the Self-Employed ...
If you are VAT registered (see later), each payment must be supported by a VATreceipt, so when using your credit card for example, you must obtain a separate
receipt showing the suppliers VAT registration number as the credit card slip will
Robert Sherwood, 2009
From Acorns: How to Build a Brilliant Business
Make sure you ask for a VAT receipt (i.e. one that shows the VAT number). Many
places such as restaurants and petrol stations don't automatically give them. A
credit card receipt is not a VAT receipt. Put a number on every receipt (in the
Caspian Woods, 2012
VAT Fraud and Evasion: What Do We Know, and What Can be Done?
... and the corresponding VAT receipt. Fourth, adjustments are made to reflect
miscellaneous legitimate recovery of input VAT by certain types of business,
mainly those supplying government departments and broadcast companies (BBC
Michael Keen, Stephen C. Smith, 2007
Guerilla Guide to Performance Art: How to Make a Living as ...
but no VAT receipt exists, you can claim the VAT anyway. Q~ What about Cash
Flow ? Steve — A cash flow is an extremely useful tool to guide your actions, be
they to delay in ordering or paying for something, or exercising serious Credit ...
Leslie Hill, Helen Paris, 2004
The Really Practical Guide to Starting Up Your Own Business
You can also claim back the VAT on any assets you use in your business which
you purchased in the preceding three years, providing you still have a VATreceipt in respect of the purchase. This would also apply to any remaining stock,
Kim Hills Spedding, 2010
JOWAK SAWMILLS v 1.ATTORNEY GENERAL 2. FORESTRY COMMISSION ...
It states that VAT receipt would be issued when the VAT was paid. It is, therefore,
very clear from the evidence that the Plaintiff had not paid the VAT and it has
never stated that it is demanding the replacement and the compensation without
Justice Kwabena Asuman--adu
Trouble with Dreams
Jack Buckner. “Fine,” I mumble. Close up, his face is tanned and his hair
surprisingly white. If he were on the cover of Saga, it would be at the wheel of a
yacht with Tricia on his shoulder. “Good. Excuse me, I need to collect the VATreceipt.
Jack Buckner, 2014
China Vignettes: An Inside Look at China
D. General All expenses must be reclaimed monthly on an Expenses Form which
must be authorised by the level above the claimant. Each item must be supported
by a receipt, with VATable items supported by a VAT receipt. If a VAT receipt is ...
Dominic Barton, 2007
9 NEWS ITEMS WHICH INCLUDE THE TERM «VAT RECEIPT»
Find out what the national and international press are talking about and how the term VAT receipt is used in the context of the following news items.
VAT receipt forgers arrested in billion-baht case
Three people have been arrested on charges of selling forged value added tax (VAT) receipts used to defraud the Revenue Department of at least one billion ... «Bangkok Post, Mar 15»
Get Receipts, Win a Car: How Greece's VAT Lottery Plan Worked in …
They've offered income-tax discounts to citizens who file many VAT receipts and, since April, have run a lottery with receipts submitted to the government. «Wall Street Journal, Mar 15»
Street sellers not giving VAT receipts - GRTU
The shoppers reported they did not see cash registers or VAT receipt books. The GRTU said it alerted the Commissioner for Revenue Marvin Gaerty about the ... «Times of Malta, Feb 15»
Greece proposes lottery to battle VAT evasion
The Greek government included the "VAT Lottery" in a list of proposals sent to its ... once they sent a text message containing a unique code on their VAT receipt. «Daily Mail, Dec 14»
BT's paper bill charge is penalising small businesses
I need bills for my VAT receipt – but why should I pay £6 a month for them? ... a copy of something that BT is obliged by law, under VAT regulations, to provide. «The Guardian, Oct 13»
My local pub takes card payments and then gives suspicious cash …
For example: I recently paid for £22 worth of drinks via credit card, received the credit card chit showing £22 paid, but upon asking for a VAT receipt was given ... «This is Money, Sep 12»
Cost warning over mileage claims without VAT receipts
One in four mileage claims – a staggering 26.4% – is made without a valid receipt, research suggests. However, while the figures might give cause for concern, ... «Fleet News Online, Mar 12»
Boy, 16, loses appeal over failure to issue VAT receipt
A judge yesterday dismissed an appeal by a 16-year-old boy who claimed he had failed to issue a VAT receipt during a village feast because he was ... «Times of Malta, Sep 11»
Missing VAT receipts fuel mileage cost rise
The rise in the VAT rate at the beginning of 2011 will add millions to the amount businesses lose through badly documented mileage claims, according to ... «AccountingWEB.co.uk, May 11»
« EDUCALINGO. Vat receipt [online]. Available <https://educalingo.com/en/dic-en/vat-receipt>. Feb 2020 ».