----- Original Message -----
From: "Doug Friend" <doug@register4less.com>
To: <bill@daze.net>
Cc: <discuss-list@opensrs.org>
Sent: Monday, June 30, 2003 9:16 PM
Subject: Re: VAT stuff
> Hi all,
>
> I've read on a few difference sources that non-EU firms with sales of less
that
> 100,000 Euro are excempt from the new VAT rules being discussed here, but
I've
> not seen seen that on any official site. Has any one seen what the law
states
> for this?
This is basically correct.
Businesses doing EU turnover of less than the registration threshold in the
country they choose
to fiel their VAT return will not have to pay anything.
The VAT limit in the UK is £62,000
approx $102,000
So if you file in the Uk and your EU turnover is less than this you will not
have to pay anything.
However, you will need to check with an accountant because most EU countries
have no mimimum threshold and all businesses pay VAT.
It is all very confusing, especially for businesses outside the EU who do
not have any existing understanding of VAT
Regards
Gordon Hudson
Hostroute.com Ltd
www.hostroute.net
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