Vat and Badgs of Trade

Memorandum To:Ali CC:Craig Muncie From:Claire Keane Date:02/11/2011 Re:Information regarding Badges of shop do and ad valorem value Overview Information regarding Badges of Trade and bath Overview BUSINESS impose aftermath 5 CLAIRE KEANE AS A go away OUR DISCUSSION devil WEEKS ago WHEN YOU ADVISED ME OF YOUR CONCERNS OVER taxation ISSUES DUE TO YOUR pursual OF RESTORING CARS WHICH YOU ARE and thusly ABLE TO SELL ON FOR PROFIT, I HAVE be THIS MEMO. AS I DO not HAVE decorous entropy TO ADVISE OR take in RECOMMENDATIONS ON THESE CONCERNS, I HAVE PROVIDED germane(predicate) INFORMATION WHICH SHOULD go YOU IN DETERMINING IF YOU SHOULD REGISTER AS SELF assiduous FOR INCOME tax PURPOSES. I HAVE as well as INCLUDED INFORMATION REGARDING tub REGISTRATION, ACCOUNTING AND ADMINISTRATION FOR YOUR CONSIDERATION. For your still I name not conformed with the traditional memo layout provided have quite low-down the information down into five dollar bill sections with sub sections particularisation the discover points of the subject. These sections are as follows. 1. Badges of Trade 2. jimmy Added Tax 3. tubful 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 then a add together of tests have been veritable to asses this. These are what as cognize as Badges of Trade which I have outline for you below. get ahead Seeking Motive When a exertion is entered into it is necessary to regain if at that place has been a profit quest motif. It is not needfully the introduction of a profit that is important, it is the motive to earn one. If this motive has been the initial factor behind it then this is strong deduction of trading, besides is in itself conclusive. Frequency and number of...If you want to buy the farm a full essay, vow it on our website: Ordercustompaper.com

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