VAT & TVA EXPLAINED

A provisioners view of European VAT law

COMPLICATED but not impossible2

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WE PAY VAT• On everything we buy in FR

• 2.1% on Magazines

• 5.5% of Food

• 20% on everything else

• On everything we buy in UK

• 0% on food

• 20% on everything else

WE CHARGE VAT

• On everything that we deliver:

• In the UK

• In France

• Because:

• We get inspected to make sure that we comply

• We pay if things haven’t been done properly

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REMEMBER

• VAT is the largest component of any bill

• It is always much more than excise duty on alcohol

• If you are VAT registered:

• you can claim back VAT

• we can deliver VAT free outside France

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OUTSIDE FR• EU distance selling

regulations stipulate:

• If you are VAT registered, deliveries outside France can be zero rated

• If you are not VAT registered we still need to charge you VAT

WORLDWIDE no VAT

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–Benjamin Franklin

“In this world nothing can be said to be certain,

except death and taxes”