Why would an American company register to pay VAT? I don't see anyway a
European Union could force me to collect/pay taxes for them. I'm not
being a smartass, I'm wondering what the legal justifacation for a
request like this is?
~jb
Gordon Hudson wrote:
>----- 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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