| Re: Paying VAT on downloaded US software [message #396388] |
Di, 11 Juli 2006 10:48 |
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On Tue, 11 Jul 2006 08:13:11 +0100, MM wrote:
> Is this not just a scam to give a further 17 per cent to the US
> company? Or how does the tax wander back to HM Treasury? I suspect it
> does not, but stays in the US to the benefit of the company's
> shareholders.
The same way that the VAT you pay to a UK company finds it way to Revenue
and Customs. They fill in their VAT return and pay by cheque or EFT.
By the same token how do you know that VAT you pay in the UK goes to
Revenue and Customs? In many cases it does not.
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