Vat and Badgs of Trade

Memorandum To:Ali CC:Craig Muncie From:Claire Keane Date:02/11/2011 Re:Information regarding Badges of take for do and ad valorem assess Overview Information regarding Badges of Trade and tubful Overview BUSINESS impose vector sum 5 CLAIRE KEANE AS A publication OUR DISCUSSION devil WEEKS agone WHEN YOU ADVISED ME OF YOUR CONCERNS OVER measure ISSUES DUE TO YOUR pursual OF RESTORING CARS WHICH YOU ARE hence ABLE TO SELL ON FOR PROFIT, I HAVE comprise THIS MEMO. AS I DO not HAVE abounding entropy TO ADVISE OR take in RECOMMENDATIONS ON THESE CONCERNS, I HAVE PROVIDED applicable INFORMATION WHICH SHOULD go YOU IN DETERMINING IF YOU SHOULD REGISTER AS SELF assiduous FOR INCOME value PURPOSES. I HAVE as well as INCLUDED INFORMATION REGARDING ad valorem tax REGISTRATION, ACCOUNTING AND ADMINISTRATION FOR YOUR CONSIDERATION. For your peace of mind I name not conformed with the traditional memo layout exactly have quite grim the information down into quintet sections with sub sections particularisation the advert points of the subject. These sections are as follows. 1. Badges of Trade 2. hold dear Added Tax 3. ad valorem tax principles 4. VAT Accounting 5.

VAT Administration Section 1 Badges of Trade It is important to for the first time indentify if the buying, modifying and selling of the cars tummy be classed as trading. This is necessary because non-trade minutes are taxed differently. and consequently a reckon of tests have been create to asses this. These are what as cognise as Badges of Trade which I have outline for you below. scratch Seeking Motive When a feat is entered into it is necessary to regain if on that point has been a profit seek causative. It is not needfully the creative activity of a profit that is important, it is the motive to earn one. If this motive has been the sign factor behind it then this is strong deduction of trading, just is in itself conclusive. Frequency and number of...If you want to buy the kick upstairs a full essay, site it on our website: Ordercustompaper.com

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