RE: FN-FORUM Has anyone got a mail from these people...

date posted 16th July 2001 23:36

At 16:41 16/07/2001 +0100, Alison wrote:
>well, yes, of course, but I was making the assumption that _subject to
>turnover limits in their individual case_ the transaction they are offering
>_is_ VAT-able.

Assumptions are quite dangerous on public lists like this. If they are
making enough from this scam to be required to charge VAT, then it's a very
sad world we live in.

>As a reminder to everyone, just because you are not presently VAT registered
>does not mean you may not have to pay out the VAT you (didn't) collect to
>the Customs & Excise people. What you pay and when depends on your turnover
>and is retrospective, so clarify what you expect to do in advance and make
>sure you charge appropriately. Frankly, any company doing business should
>probably be registered for VAT if they are serious....

Not necessarily. I chose to be VAT registered because I was dealing with
retailers who already were. If this were not the case, it's unlikely I
would have bothered.

All the best,

--
Ian Fenn
Liang ba shiah dz / Ai chu fong to, Chopstix Media Limited
http://www.chopstixmedia.com/

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