Sentences with phrase «vat system»

The proper functioning of the VAT system required that single transactions should not be artificially split into separate supplies where to do so would not reflect the economic reality of the transaction.

VAT is likely to remain but the UK VAT system will no longer be constrained by the EU VAT legislation allowing scope for more zero - rates and flexibility as to rates.

Greater flexibility and scope for more zero - rates in the VAT system could result from the UK leaving the EU, a tax lawyer has said.

It was no surprise that, by introducing this measure, Italy was in breach with its obligations under EU law and in particular the Sixth Directive on the common VAT system (Directive 1977 / 388 / EEC).

We have secured a development support fund dedicated to video games from the Creative Europe programme, contributed strongly in the implementation of the new VAT system for digital goods and services in Europe and been deeply involved in the debate over the implementation of the consumer protection regulation on the free - to - play business model.

Their rational is that «electronically supplied publications with regard to the format, offer the same reading content for consumers and the VAT system needs to keep pace with the challenges of today's digital economy.»

She went on to say «The VAT system is changing.

Some countries like Poland are trying to fight the existing VAT system to get an even playing field between print and digital.

The trouble with a VAT system (or benefit, depending upon your economic and policy preferences), however, is that unlike an income tax, a VAT does not tax investment income that is not spent on VAT taxable goods or services.

By imposing third - party reporting of expenses, a VAT system reduces tax evasion relative to a self - reported income tax system like that used in the U.S. where the IRS periodically audits business expenses, but there is widespread abuse in the area of business expenses (especially in small businesses that often treat what should be considered personal expenses as business expenses) due to a lack of third - party reporting of business expenses the way that it has third - party reporting of business income via 1099 information tax returns.

In conclusion, the new system aims to both simplify the treatment of sales of goods from a VAT perspective and to reduce the ever increasing criminal activity aimed at milking the VAT system.

While understandably tax authorities want to see the tax collected in the first place and may be concerned to ensure that only VAT that is properly repayable is repaid, the right to deduct promptly is a fundamental principle of the VAT system and therefore the new proposals must not discriminate between the treatment of local businesses» and those in other EU countries

examine the design of our VAT system, and address any significant policy shortcomings that might be identified; and vii.

Controversial reforms Greece promised to pass into law by Wednesday include reforming the VAT system, overhauling pensions and signing up to plans that ensure immediate spending cuts in the event of breaching creditor - mandated budget targets.

I know it's an RPG and you're supposed to use the VATS system, but the hybrid aspects of the game just totally killed it for me.

The biggest enhancement to gameplay comes from the VATS system.

Voice acting is top - notch, gameplay is solid (VATS system is a breath of fresh air), and nothing can beat a dark - humor and sadistic Fallout story.

A little like Fallout 4's VATS system (without the slowed down time) you can target individual body parts and the capable AI team members coordinate well.

the vats system is highly complimented by having the ability to actually dismember your enemies.

The second is that Fallout 3 has the VATS system which let me essentially do turn - based combat.

Investing in Agility will allow players to easily switch between enemies when targeting them in the VATS system, increase your ability to dodge enemy gunfire, while also improving your sneak attack skills.

Combat in Fallout 4 is Bethesda's brilliant VATS system, which you have to play if you want to use your critical hits.

Also, there is the now added bonus of a slow - motion camera similar to Fallout's VATS system where the final strike appears as a gnarly cut scene.

Not exact matches

Because time is of the essence, and because during negotiations the central bank was squeezing liquidity [on Greek banks] in order pressurise us, in order to succumb, my constant proposal to the Troika was very simple: let us agree on three or four important reforms that we agree upon, like the tax system, like VAT, and let's implement them immediately.

While border adjustment would be a new feature for the US tax system, most other countries already have it in the form of a value added tax (VAT), a consumption tax that has a border adjustability component.

A brain and nervous system in a vat are not an organism.

Ultrafryer's systems include patented heat exchangers that put more energy into shortening and have enough power to recover from the temperature drop caused by placing food inside a vat.

This filtration makes for the best - tasting food possible, Ultrafryer says, because the systems have the fastest food recovery time, which prevents the food from absorbing more shortening from the vat.

The facility has five brewing vats, small tanks, a CIP system and a hop cellar.

Glanbia added two new cheese - making vats and expanded downstream equipment such as a cheese belt system, barrel - forming cheese towers, extended the cooler section, increased receiving - bay space and erected new raw - milk storage silos.

CHOOZIT ® AMERI - FLEX is a one - bag direct to vat culture system.

Ashgrove Cheese increased its production output and reliability thanks to the automated vats, block formers and recipe management system.

But it also said that leaving the EU could give the UK greater flexibility — albeit at the cost of greater complexity - if it chose to vary the tax system, particularly in the area of Value Added Tax (VAT) which is currently heavily circumscribed by EU directives.

Using 50 % VAT on luxury yachts to reduce the taxes paid by the manufacturer of luxury yachts and their employer would be no bad thing; redistribution isn't the only goal of the tax system, if it were we'd have no tax on tobacco.

Talking of reduction or complete removal of taxes, as Akufo - Addo is promising Ghanaians, I remember how when in 1995 Jerry Rawlings wanted to introduce the Value Added Tax (VAT) on goods and services into our taxation system to increase the tax net and by that the tax revenue, Nana Akufo - Addo led massive «KUM PR3KOO» demonstrations against government in which some unfortunate demonstrators died, compelling government to withdraw the VAT, barely four months after its introduction.

The overhaul of the pension system — along with unpopular tax measures and an increase in VAT — form the central plank of a $ 5.4 bn package of budget cuts and reforms that Tsipras has agreed to enact in exchange for rescue funds from a third, $ 86bn bailout the country signed up to last summer.

This means that businesses and landlords with a turnover below the VAT threshold will be able to choose when to move to the new digital system.

A new tax system is due to be introduced in December which would mean that for certain electrical goods, including mobiles and games consoles, only the final retailer would be able to charge VAT.

The Government's compulsory Making Tax Digital programme should be optional for businesses below the VAT threshold, for people will naturally gravitate towards systems that are good, intuitive and easily navigable, without the need for compulsion.

The new system, which took effect from May 1 is geared towards improving VAT compliance, a notice issued by the GRA said.

It is anchored on VAT changes producing additional revenue of 1 % of GDP and a reform of the pension system that leads to savings of 1 % of GDP in 2016.

A VAT increase was widely anticipated but we hoped that he might have tempered this by updating and expanding the list of those products and solutions that will improve energy efficiency in people's homes such as more efficient heating systems and double glazing.

We are talking about a totally different scale of revenue and the VAT rise is a structural change to the tax system to deal with a structural deficit.

Closed vats might produce pure strains of such high - oil species for feeding into large ponds to grow sufficient supplies, says systems engineer Ron Pate at Sandia National Laboratories in New Mexico, who has been analyzing the fuel potential of microscopic plants.

With the Human Brain Project, researchers will use supercomputers to reproduce how brains form — basically, growing them in an virtual vat — then seeing how they respond to input signals from simulated senses and nervous system.

Traditional batch processing is limited by the difficulty of cooling these vats, but the flow system allows reactions that produce a great deal of heat to be run safely.

Instead of a group of candle wax makers creating trans - fats in industrial vats by hydrogenating cottonseed oil into disgusting, technically edible faux - butter, the special digestive systems of grass - fed ruminants produce CLA internally.

And luxury sales in Moscow and Saint Petersburg are set to get a boost starting next year with the introduction of a «Tax - Free» scheme that will allow tourists to get VAT paid back, a system already well established in many European cities.

Ofqual is planning to spend a further # 82,000 on promoting understanding of the new system this summer, and the DfE a further # 39,500 excluding VAT.

I've spoken to powerflow previously and unfortunately they where abit too pricey, they wanted about # 800 excluding VAT for a catback system