Legal Definition of caveat emptor. : a principle in commercial transactions: without a warranty the buyer takes the risk as to the condition of the property or goods â compare products liability at liability 2b, warranty.
Calculate VAT taxable turnover. taxable turnover is the total value of everything you sell that isnât exempt from. . You must register for. with HM Revenue and Customs (. ) if it goes over the current registration threshold in a rolling 12-month period.This isnât a fixed period like the tax year or the calendar year-it could be any period, eg the start of June to the end of May. The current threshold is Â£82,000.ou must register for. with HM Revenue and Customs (. ) if it goes over the current registration threshold in a rolling 12-month period. This isnât a fixed period like the tax year or the calendar year-it could be any period, eg the start of June to the end of May. The current threshold is Â£82,000.
VAT on sales to someone who isn't VAT registered in another EU country. If you sell goods or services to someone who isn't VAT registered in another EU country, you must charge VAT in the normal way-just as you would for a UK customer.. - hmrc.gov.uk.AT. We have a legal obligation as a VAT registered company in the UK to charge 20% on our prices to customers in the EU VAT area. The following are part of the EU VAT area and will incur a 20% VAT charge on all products: