Badges Of Trade And Vat Essay, Business Tax Hnd

Memorandum To:Ali CC:Craig Muncie From:Claire Keane Date:02/11/2011 Re: development regarding Badges of allot and bath Overview Information regarding Badges of hand and ad valorem tax Overview contrast revenue enhancement OUTCOME 5 CLAIRE KEANE AS A RESULT OUR DISCUSSION dickens WEEKS AGO WHEN YOU purportD ME OF YOUR CONCERNS everyplace TAX ISSUES DUE TO YOUR pursual OF RESTORING CARS WHICH YOU ARE THEN ABLE TO apportion ON FOR PROFIT, I HAVE COMPOSED THIS MEMO. AS I DO not HAVE ENOUGH reading TO ADVISE OR expose RECOMMENDATIONS ON THESE CONCERNS, I HAVE PROVIDED germane(predicate) INFORMATION WHICH SHOULD taper YOU IN DETERMINING IF YOU SHOULD REGISTER AS SELF busy FOR INCOME TAX PURPOSES. I HAVE as well INCLUDED INFORMATION REGARDING VAT REGISTRATION, ACCOUNTING AND ADMINISTRATION FOR YOUR CONSIDERATION. For your ministration I beat not conformed with the traditional memo layout except have kind of broken the information down into quintette sections with sub sections particularisation the key points of the subject. These sections are as follows. 1. Badges of Trade 2. Value Added Tax 3. VAT principles 4. VAT Accounting 5.

VAT Administration Section 1 Badges of Trade It is important to firstly indentify if the buying, modifying and selling of the cars evoke be classed as trading. This is necessary because non-trade proceeding are taxed differently. wherefore a number of tests have been essential to asses this. These are what as known as Badges of Trade whi ch I have outlined for you below. ! Profit Seeking Motive When a transaction is entered into it is necessary to situate if there has been a wampum seeking causality. It is not inescapably the existence of a winnings that is important, it is the motive to earn angiotensin converting enzyme. If this motive has been the initial reckon behind it then this is strong express of trading, but is in itself conclusive. Frequency and number of transactions A one off or low number of...If you want to pretend a full essay, order it on our website: BestEssayCheap.com

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