How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask bigduckontax Your Own Question
bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4195
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

How much i payd VAT?

Resolved Question:

How much i payd VAT?
Submitted: 1 year ago.
Category: Tax
Expert:  bigduckontax replied 1 year ago.
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question. In the UK VAT is at a standard rate of 20% save for a few services at the reduced rate of 5% (eg gas and electricity). Could you please give me some more information about your question so I can help you further.
Customer: replied 1 year ago.
Hi I am delivery driver; trade clasification 53201 Licensed carrier,how much VAT i must pay?
Customer: replied 1 year ago.
Vat return
Customer: replied 1 year ago.
VAT return to HMRC.
Expert:  bigduckontax replied 1 year ago.
I assume that you are registered for VAT. If that is so then your on line VAT return will tell you how much you owe and on filing HMTC will advise you how much to pay and by what date. You would charge VAT at the standard rate, 20%, on all invoices you issue. Alternatively you would strip the tax out of payments received if you do not operate in an invoicing environment. There is no requirement to register for VAT until your turnover is over 83K in any one year. Just Answer is an independent tax advice site and not connected with HMRC in any way.
bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 1 year ago.
Thank you for your support.
Expert:  bigduckontax replied 1 year ago.
And your most generous bonus.