Is Scrap Metal Income Vatable at Skye Potts blog

Is Scrap Metal Income Vatable. That's my roundabout way of saying op should report the scrap metal earnings, and yes, pay income/medicare/ss taxes. They have just taken the scrap (accumulated over a few months) to a scrap metal dealer and received cash for it (circa £700). If you are vat registered then any income you get is vatable and so you'd have to account for the vat on the money you received. If your client is vat registered (or would exceed the current registration threshold of £67,000 if his sales of scrap metal were. Vat standard rate is 15%.and must be filed on time to avoid. The economic activity of buying and selling scrap metal is not exempt from paying vat, as there is no legal provision that exempts. There is no vat exemption for the sale of scrap.

How To Sell Scrap Steel Birthrepresentative14
from birthrepresentative14.bitbucket.io

That's my roundabout way of saying op should report the scrap metal earnings, and yes, pay income/medicare/ss taxes. The economic activity of buying and selling scrap metal is not exempt from paying vat, as there is no legal provision that exempts. There is no vat exemption for the sale of scrap. If you are vat registered then any income you get is vatable and so you'd have to account for the vat on the money you received. They have just taken the scrap (accumulated over a few months) to a scrap metal dealer and received cash for it (circa £700). Vat standard rate is 15%.and must be filed on time to avoid. If your client is vat registered (or would exceed the current registration threshold of £67,000 if his sales of scrap metal were.

How To Sell Scrap Steel Birthrepresentative14

Is Scrap Metal Income Vatable They have just taken the scrap (accumulated over a few months) to a scrap metal dealer and received cash for it (circa £700). The economic activity of buying and selling scrap metal is not exempt from paying vat, as there is no legal provision that exempts. That's my roundabout way of saying op should report the scrap metal earnings, and yes, pay income/medicare/ss taxes. They have just taken the scrap (accumulated over a few months) to a scrap metal dealer and received cash for it (circa £700). There is no vat exemption for the sale of scrap. Vat standard rate is 15%.and must be filed on time to avoid. If your client is vat registered (or would exceed the current registration threshold of £67,000 if his sales of scrap metal were. If you are vat registered then any income you get is vatable and so you'd have to account for the vat on the money you received.

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