pat-man2 opened this issue on Sep 11, 2006 · 89 posts
Valerian70 posted Wed, 27 September 2006 at 10:34 AM
I loved the comments about the Inland Revenue and Customs and Excise. No we don't charge VAT as vendors through Bondware and you know what we can't charge VAT unless our total PER ANNUM takings are over a certain level, I want to say £100k but I'm not sure. Also, as far as the tax office is concerned very few of us would be liable for taxable because every time we spend money on something connected with creating items we sell through the RMP it is TAX DEDUCTIBLE. Can't speak for other vendors of course but I would be very surprised if anyone here earns enough, per annum to charge VAT and that isn't actually deep into the red when you take all your purchases off the sales figure. Nice try but next time consult an accountant before you open your mouth.
Good Luck Karen!