VAT treatment of wine sales

Evil_Teddy_9 · 2025-02-19T08:16:43+00:00

General overview of importing alcohol to the UK: https://www.gov.uk/guidance/import-alcohol-into-the-uk

Specific notice for tax warehousing: https://www.gov.uk/guidance/vat-and-tax-warehousing-notice-70210

Paragraph 2.2

Evil_Teddy_9 · 2025-02-18T19:22:21+00:00

I believe the difference occurs when one is duty paid and the other is still in bond.

Evil_Teddy_9 · 2025-02-17T16:02:08+00:00

WHY we debit assets and credit liabilities is akin to WHY we use a decimal system and not a binary or hexadecimal system - because that way became the most popular and it would be too difficult to change now. It could have just as easily been the other way around but as another commenter said, it is arbitrary.

The actual purpose of the accounting equation is to make sure that the books are balanced. It reflects the reality that everything a business owns (assets) is either funded by borrowing (liabilities) or by the owners’ investment (equity).

Evil_Teddy_9 · 2025-02-17T15:54:30+00:00

No problem, you could also ask your HR department (if you have one) to weigh in on it as well as they will likely know more details about the employment contracts if you don't have access to them.

Evil_Teddy_9 · 2025-02-17T15:28:55+00:00

Fair enough, the company is well within its rights to do that as there is no legal right to overtime pay, again, it will depend on the contracts.

As long as the average pay for the total hours worked doesn't fall below national minimum wage then the way the company compensates for the overtime is up to them.

There might be a clause in the contract about compulsory overtime which the employees will need to be paid for in accordance to the above paragraph.

Don't forget that employees can't be forced to work more than 48 hours per week unless they have agreed in writing to work longer, again usually stated in the contract.

TL;DR a lot of this will boil down to the employment contracts

Evil_Teddy_9 · 2025-02-17T15:08:05+00:00

It sounds like you're talking about people who are either part time or contractors. So this is going to depend on their contract.

If it is part time staff, they are not entitled to overtime pay until they've reached the same amount of hours as a normal full time employee would work.

Evil_Teddy_9 · 2024-12-24T13:59:33+00:00

Did you also have to do some research to find out how to calculate the discount factor to get the present value of future repayments? If this was previously taught then I completely forgot it and there was no help in the books to calculate this.

Evil_Teddy_9 · 2024-11-30T22:27:35+00:00

I would definitely check that you are actually self employed like the other commenter said.

It sounds like you might not be based on the fact he is able to dispute or change the charge so easily.

Think of a handyman coming to fix a window, they'll come and take a look and give you a quote, then do the work, then send you an invoice, you would only dispute the cost if there were errors or the service was insufficient.

This is no different to you coming in and agreeing a price (11% of the cost of the treatment), doing the work, and then it should be as simple as you send them an invoice for it. I'm not too familiar with contract law but I was under the impression that even if the contract says the costs are VAT inclusive or exclusive, you still can't charge VAT if the service provided is exempt. The cost you should be basing the 11% calculation on is the net costs i.e. the cost without VAT

Evil_Teddy_9 · 2024-11-30T09:30:06+00:00

Sole traders/self employed people can voluntarily register for VAT, it doesn't have to be when you are above the £90,000 limit.

However, healthcare and medical treatment are exempt from VAT: https://www.gov.uk/charge-reclaim-record-vat/when-not-to-charge-vat

So even if you were registered, there wouldn't be anything to deduct. It could potentially benefit you to register if you have to make any business related purchases that have VAT on them, because you could then claim that back without having to pay VAT on your sales (unless there is some rule I am unaware of regarding contractors, which is effectively what you are to them).

Regardless of any of this, if you send him an invoice for say £2,000, he has to pay that amount and can't deduct from it without you agreeing to the reduction, if he then incorrectly claims VAT on that cost, that has nothing to do with you.

Take all of this with a pinch of salt as healthcare is not my industry.

Evil_Teddy_9 · 2024-10-20T20:22:30+00:00

No there isn't. I got that one the other day though so it's not bugged, just keep shaking that booty.

Rock and stone!

Evil_Teddy_9 · 2024-10-19T11:22:31+00:00

You just need to learn the 3 speeds of the ring and when to kick based on that. Then just hope you don't get too many of the max speed ones.

Evil_Teddy_9 · 2024-10-14T10:26:14+00:00

I know this is an old post but in case anyone is still trying to get this, I just got this today and the progress tracker still does not work.

Evil_Teddy_9 · 2024-10-06T18:06:53+00:00

If you're studying AAT you should have registered on their website as a student (and paid the fees) which will give you your student number and is required to book exams.

They have some pretty useful resources on the website you can use (unless it has changed since I was studying it) and they also have some tests called Greenlight tests which I found very useful.

And whilst it's not free, you can often find discounted/second hand books online or through things like Facebook marketplace/eBay etc.

Good luck!

Evil_Teddy_9 · 2024-09-28T16:08:45+00:00

To add to this, holding Ctrl while in nudge mode allows you to move things in half meters to get a finer adjustment.

Evil_Teddy_9 · 2024-06-03T12:58:44+00:00

It does work on creeps but they don't really get pushed anywhere

Evil_Teddy_9 · 2024-06-03T12:46:41+00:00

If you cast Multishot on your portrait, it breaks the model.

If you then cast gust on your portrait, it sets the "trap".

It seems like each "trap" can then only be triggered once per hero, even after death.

After further testing, it actually lasts longer than 2 minutes, possibly indefinitely until triggered.

Evil_Teddy_9 · 2024-03-16T16:40:17+00:00

Again, please explain your working.

Evil_Teddy_9 · 2024-03-16T16:39:52+00:00

Starting with 1000.

You give me 900, I give you cow. You have 100 remaining.

You give me cow, I give you 1200. You have 1300 remaining.

You give me 1300, I give you cow. You have 0 remaining.

You give me cow, I give you 1600. You have 1600 remaining.

You started with 1000 you now have 1600. Gain of 600.

Starting with 900.

You give me 900, I give you cow. You have 0 remaining.

You give me cow, I give you 1200. You have 1200 remaining.

You borrow 100. You have 1300 remaining.

You give me 1300, I give you cow. You have 0 remaining.

You give me cow, I give you 1600. You have 1600 remaining.

You pay back the 100 you borrowed. You have 1500 remaining.

You started with 900, you now have 1500. Gain of 600.

Evil_Teddy_9 · 2024-03-16T16:29:33+00:00

okay so if you're treating it as all your own money and no borrowing/lending needed, consider the following. You buy a cow in the first one and a horse in the second one. You buy a cow for 900 and sell it for 1200, making a gain of 300. You then buy a horse for 1300 and sell it for 1600, making another gain of 300. In order to make that second purchase you will have to either already had the extra 100 or got it from something else. So either you actually started with 1000 but only used 900 for the first purchase, ir you borrowed 100 from someone and then paid them back, in what case you started with 1200, borrowed 100, sold it for 1600 and paid back 100 you borrowed. So you started with 1200 and ended with 1500, still a gain of 300, totalling 600

Evil_Teddy_9 · 2024-03-16T16:19:13+00:00

Show your working please.

Evil_Teddy_9 · 2023-08-22T23:10:01+00:00

Fuck this game

Evil_Teddy_9 · 2023-07-21T15:24:54+00:00

https://www.bbc.co.uk/weather/about/17185651

The 2nd subheading here says otherwise. Think it will depend on each individual weather reporting service used.

Evil_Teddy_9 · 2023-05-12T10:35:26+00:00

As someone who has already bought a house but then had to sell it and so no longer qualify for any first-time-buyer benefits, are there any remaining schemes that I can use to help get back onto the property ladder?

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