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Discuss Our Government UK Taxes and of course Brexit in the Plumbing Forum | Plumbing Advice area at PlumbersForums.net
It's not the UK government that allow Amazon and other multinationals to pay so little tax its international law. Companies like Amazon have holdings companies in low tax regions the siphon off profits from the UK business using licensing and management fees. American companies especially do this because any profits taken beck to the the US are taxed no matter what has already been paid on them. Facebook etc have billions sat in Irish and other low tax nations banks propping up their economies because it better then taking it home.Our government is full of people who only want to stay in politics they have no interest in the country just keeping their jobs.
UK taxes are a joke the working man pays 20% whilst Amazon pay less than 1% and the government are scared to make the pay just in case they leave (I'm pretty sure my local market sells cheap imported tat so they can take there place)
Brexit will never happen. Parliament dont want it to happen so us mere workers will just have to do what they want.
I get invoices from Google for adwords and the charge me VAT at 0%. Their VAT number is IE6388047V. They are actually VAT registered in Ireland but it has the same effect.Where does it say this?
Not sure where you’ve got that from, in the vast majority of situations (all?) VAT is reclaimed by companies but charged on their products.Google are registered in the UK for VAT at 0%. They can claim VAT back from anything they buy from VAT registered companies in the UK at 20% whilst paying over no VAT themselves.
AddWords come under the revers VAT charge back system. You are viewed as both the supplier and purchaser. You need to speak to your accountant about it because you owe HMRC money if you haven’t been paying.I get invoices from Google for adwords and the charge me VAT at 0%. Their VAT number is IE6388047V. They are actually VAT registered in Ireland but it has the same effect.
If they were not VAT registered they could not claim any VAT back but being 0% Vat registered means the do not have to pay any tax authority any vat, but they can reclaim any vat they pay. Double win for Google.
There is, it's called the GAFA tax (Google, Apple, etc) for those US internet multinationals with revenues over a certain amount that the French have just introduced. Of course once the UK becomes a vassal state to the U.S there is little chance of UK following suit.There was some effort recently to tax companies that make the majority of their profit online, which is great but it would also hit Agness who scrapes a living crocheting tea pot covers just as hard.
Ultimately I think most fellas on here are self employed ..I have been since 1980...our mission is as always whatever or who ever is in chargeThere is, it's called the GAFA tax (Google, Apple, etc) for those US internet multinationals with revenues over a certain amount that the French have just introduced. Of course once the UK becomes a vassal state to the U.S there is little chance of UK following suit.
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