#Vat Threshold

[georgeshutcheson]

Sole Trader VAT Threshold

New Post has been published on https://www.fastaccountant.co.uk/sole-trader-vat-threshold/

Sole Trader VAT Threshold

Are you a sole trader looking to understand the VAT threshold? Well, you’ve come to the right place! In this article, we will provide you with all the information you need to know about the sole trader VAT threshold. Whether you’re just starting out or have been in the business for a while, understanding this threshold is crucial to ensure compliance with VAT regulations and to avoid any potential penalties. So let’s dive in and demystify the sole trader VAT threshold!

What is a Sole Trader VAT Threshold?

Definition of a Sole Trader

A sole trader, also known as a sole proprietor, is an individual who runs a business on their own without any partners or shareholders. As a sole trader, you are self-employed and have full control over your business decisions and profits.

What is VAT?

VAT, which stands for Value Added Tax, is a consumption tax imposed on the value added to goods and services at each stage of production or distribution. It is applied in many countries, including the United Kingdom, and is an important source of government revenue.

Importance of VAT Threshold for Sole Traders

The VAT threshold is a crucial factor for sole traders as it determines whether they need to register for VAT and comply with VAT regulations. This threshold sets the minimum level of annual turnover at which a sole trader is required to register for VAT. Understanding the concept of VAT thresholds is essential for sole traders to effectively manage their VAT liability and legal obligations.

Understanding VAT Thresholds

Different VAT Thresholds

As of 2023, the standard VAT threshold in the UK is £85,000 of taxable turnover in a 12-month period. It is crucial to be aware of the specific threshold that applies to your business to ensure compliance with VAT regulations.

Exempt and Standard Rated Supplies

It is important to understand the distinction between exempt and standard-rated supplies when considering VAT thresholds. Some goods and services are exempt from VAT, meaning that no VAT is charged on their sale. On the other hand, standard-rated supplies are subject to VAT at the standard rate. The distinction between these supplies can impact whether your turnover exceeds the VAT threshold and requires registration.

Registration and De-Registration for VAT

If your taxable turnover exceeds the VAT threshold, you must register for VAT with HM Revenue & Customs (HMRC) within 30 days. Registering for VAT means you become a VAT-registered business and have additional responsibilities, such as charging VAT on your sales and submitting periodic VAT returns. It is important to keep track of your turnover and promptly register for VAT to avoid penalties. Conversely, if your turnover falls below the de-registration threshold, which is currently set at £83,000, you may choose to de-register for VAT.

Benefits of Registering for VAT as a Sole Trader

Claiming Input VAT

One of the significant benefits of registering for VAT as a sole trader is the ability to claim input VAT. Input VAT refers to the VAT you pay on goods and services purchased for your business. By registering for VAT, you can reclaim this input VAT, reducing your business expenses and potentially increasing your profits.

Professionalism and Credibility

Being VAT registered can enhance the professionalism and credibility of your business. It reassures your customers that you are a legitimate and trustworthy enterprise. Many businesses, especially larger ones, prefer to work with VAT-registered suppliers as it indicates the level of professionalism and reliability of the supplier. Therefore, registering for VAT can potentially open new business opportunities and relationships.

Eligibility for VAT Refunds

As a VAT-registered sole trader, you may be eligible for VAT refunds in certain circumstances. For example, if you have a higher rate of input VAT compared to your output VAT, you can claim a refund from HMRC. This can provide valuable cash flow benefits and help support the growth and development of your business.

Consequences of Exceeding the VAT Threshold

Compulsory VAT Registration

If your taxable turnover exceeds the VAT threshold, you are required by law to register for VAT and comply with VAT regulations. Failure to do so can result in penalties and fines imposed by HMRC. It is essential to monitor your turnover and promptly register for VAT to avoid any legal consequences.

Penalties and Fines

If you fail to register for VAT on time or submit inaccurate VAT returns, HMRC may levy penalties and fines. These penalties can range from a percentage of the VAT owed to fixed amounts, and they can quickly accumulate if non-compliance persists. It is crucial to stay on top of your VAT obligations to avoid unnecessary financial setbacks.

Increased Administrative Responsibilities

Registering for VAT introduces additional administrative responsibilities and obligations for sole traders. This includes charging VAT on eligible sales, maintaining proper VAT records, and submitting regular VAT returns to HMRC. It is important to allocate sufficient time and resources to ensure accurate and timely compliance with these obligations.

Calculating VAT Liability as a Sole Trader

VAT-Inclusive and VAT-Exclusive Pricing

As a sole trader, you need to understand the difference between VAT-inclusive and VAT-exclusive pricing. Most businesses in the UK quote prices inclusive of VAT, which means the final price displayed already includes the VAT amount. However, if you prefer to display prices excluding VAT, you must clearly indicate that VAT will be added at the appropriate rate. It is crucial to calculate your pricing accurately to ensure compliance with VAT regulations.

VAT Flat Rate Scheme

The VAT Flat Rate Scheme is an alternative method of calculating and paying VAT for certain businesses with a lower turnover. Under this scheme, you pay a fixed percentage of your gross turnover as VAT to HMRC, simplifying the calculations and potentially reducing your VAT liability. However, it is important to evaluate whether the VAT Flat Rate Scheme is suitable for your business before opting in.

VAT Payments and Deadlines

Registered sole traders must make regular VAT payments to HMRC based on their VAT returns. It is crucial to understand the VAT payment deadlines and ensure timely payments to avoid penalties. Late payments can result in interest charges and may draw the attention of HMRC to your business, potentially triggering investigation.

Managing VAT as a Sole Trader

Record-Keeping for VAT Purposes

Accurate record-keeping is essential for managing VAT obligations as a sole trader. You must keep all relevant VAT records, such as invoices, receipts, and VAT returns, for at least six years. Maintaining organized and up-to-date records enables you to easily complete your VAT returns, respond to any HMRC queries, and ensure compliance with VAT regulations.

VAT Returns and Documentation

As a VAT-registered sole trader, you are required to submit regular VAT returns to HMRC. These returns provide a summary of your sales, purchases, and VAT liability for a specific period, usually quarterly. Careful attention must be given to accurately complete the VAT return and submit it within the designated timeframe. Additionally, retaining copies of submitted VAT returns and supporting documentation is essential for future reference and any potential HMRC inquiries.

Engaging with HM Revenue & Customs

As a sole trader managing VAT, it is important to establish a positive and proactive relationship with HMRC. They provide guidance, support, and resources to help you comply with VAT regulations. Engaging with HMRC can help you clarify any uncertainties, seek advice on specific situations, and ensure that you are up to date with any changes in VAT legislation.

Considerations When Approaching the VAT Threshold

Timing of VAT Registration

Timing is crucial when it comes to VAT registration as a sole trader. While exceeding the VAT threshold requires immediate registration, strategically timing your registration can be beneficial. For instance, if you expect a temporary increase in turnover that will push you over the threshold, delaying the sale until the following period can help you avoid unnecessary administrative obligations and potential complications.

Factors Influencing VAT Liability

As a sole trader, various factors can influence your VAT liability. Changes in business activities, pricing strategies, or even economic conditions can all impact your turnover and VAT liability. Stay informed about these factors and regularly reassess your VAT position to ensure you remain compliant and properly manage your VAT obligations.

Consulting with an Accountant

Navigating the complexities of VAT regulations can be challenging as a sole trader. Therefore, it is highly recommended to seek professional advice from an accountant with expertise in VAT. An accountant can provide personalized guidance, help you manage your VAT liability, and ensure compliance with relevant VAT laws.

Common VAT Misconceptions for Sole Traders

Belief in Automatic Entry into VAT

One common misconception among sole traders is that they will automatically be registered for VAT once their turnover exceeds the threshold. In reality, it is the sole trader’s responsibility to register for VAT within the specified timeframe. Failing to register can have serious consequences, including penalties and fines.

Lack of Understanding of VAT Exemptions

VAT exemptions can be confusing for sole traders. It is crucial to have a clear understanding of which goods and services are exempt from VAT to avoid unnecessary complications and potential mistakes. Seeking professional advice or consulting HMRC guidance can help clarify any uncertainties regarding VAT exemptions.

Mismanagement of VAT Payments

Managing VAT payments can be challenging, especially for sole traders. It is essential to accurately calculate your VAT liability, ensure timely payments, and keep track of payment deadlines. Mismanagement of VAT payments can lead to penalties, fines, and potential cash flow issues for your business.

Conclusion

Understanding the sole trader VAT threshold is crucial for operating a successful and compliant business. By staying below the threshold, you can avoid mandatory VAT registration and its associated administrative responsibilities. However, if your turnover exceeds the threshold, timely registration is essential to avoid penalties. Taking advantage of the benefits of VAT registration, such as reclaiming input VAT and enhancing your professionalism, can help improve your business’s profitability and credibility. With proper planning, record-keeping, and engagement with tax authorities, you can effectively manage your VAT liability and ensure compliance with VAT regulations as a sole trader.

[fvckwithmefamo]

Sole Trader VAT Threshold

Are you a sole trader looking to understand the VAT threshold? Well, you’ve come to the right place! In this article, we will provide you with all the information you need to know about the sole trader VAT threshold. Whether you’re just starting out or have been in the business for a while, understanding this threshold is crucial to ensure compliance with VAT regulations and to avoid any…

[slowlystupendousdelusion]

Me lying awake at 3am trying to sleep:

My brain: What type of tax returns was Aziraphale doing too perfectly? Regular self assessment? Is A. Z. Fell & Co a limited entity? It doesn't have a limited in the name but it could just be the trading name... I'm not sure it would be tax efficient to run a book shop of that size as a sole trader? I guess it depends how many books he actually sells? When did limited entities even become a thing? Victorian times? Maybe all the men from the gentlemen's club were making companies and it just seemed like the Thing To Do. Would he even care about tax efficiency? Maybe this question is irrelevant; he'd have to do a regular SA anyway for the rental income, plus any dividends received from the company... But wait, if his cover story is that it's generational wealth he'd be hit with a hefty inheritance tax bill every 80 or so years? That's a lot of fake paperwork to keep on top of— Who am I kidding, he loves a form...

[bdigit24]

The €25,000 TVA threshold in France is sparking protests among small businesses. Discover why entrepreneurs are demanding reforms to support growth.

[alzoradubaidotcom]

Avoid Costly VAT Mistakes: Expert Consultation in Dubai by Al Zora Accounting & Advisory

Introduction:

VAT (Value Added Tax) is a complex issue that business owners in Dubai must navigate. Any mistakes can lead to serious financial losses, legal consequences, and unnecessary stress. In Dubai’s ever-evolving business landscape, ensuring compliance with UAE VAT regulations is crucial.

This is where a VAT expert from Al Zora Accounting & Advisory becomes invaluable. Businesses operating without proper VAT compliance are taking significant risks. However, by understanding VAT registration thresholds and seeking professional guidance, companies can avoid costly errors and ensure smooth operations.

Understanding the VAT Landscape in Dubai:

One of the world's flourishing economic centers, Dubai, is part of the UAE's VAT system which is applied across all emirates. It obliges businesses to get a VAT registration once their taxable supplies and imports exceed the mandatory VAT registration threshold. However, the mere knowledge of the limit is not sufficient. A thorough understanding of the regulations in this area and different business sectors' nitty-gritty is the prerequisite.

The Importance of Expert VAT Consultation:

Many businesses in Dubai are challenged by conformity with the UAE's VAT regulations due to the absence of specialized knowledge. However, companies with trusted VAT consultants in Dubai, such as Al Zora Accounting & Advisory, have found that to be an imperative component of a successful trajectory. Specialists with professional knowledge of the UAE's VAT regulations can be invaluable support. They can give personalized advice to help you operate your business in compliance with the law and avoid financial challenges resulting from inaccurate advice.

Key Benefits of Engaging Al Zora Accounting & Advisory for VAT Consultation:

Accurate VAT Registration: Determining the correct VAT registration threshold and ensuring timely registration is crucial. Al Zora Accounting & Advisory assists businesses in accurately assessing their eligibility and completing the registration process seamlessly.

Error Prevention: Expert consultants can help you identify and rectify potential errors in your VAT filings, preventing penalties and audits.

Up-to-date Knowledge: VAT regulations are subject to change. Al Zora Accounting & Advisory stays abreast of the latest updates, ensuring your business remains compliant.

Tailored Advice: Every business is unique. Consultants provide personalized advice based on your specific needs and industry requirements.

Efficient Tax Planning: Effective VAT planning can help optimize cash flow and minimize tax burden.

Audit Support: In the event of a tax audit, having expert consultants by your side can provide invaluable support.

Common VAT Errors to Avoid:

Incorrect VAT Calculation: Errors in calculating VAT can lead to significant discrepancies and penalties.

Late Filing and Payment: Missing VAT filings and payment deadlines result in fines.

Incorrect Record Keeping: Maintaining accurate and detailed records is crucial for VAT compliance.

Misunderstanding the VAT Registration Limit: Failure to accurately assess the VAT registration limit can result in non-compliance.

Ignoring Input Tax Recovery: Many businesses overlook opportunities to recover input tax, leading to increased costs.

Al Zora Accounting & Advisory: Your Trusted Partner in VAT Compliance:

Al Zora Accounting & Advisory offers comprehensive VAT consultation services in Dubai. Our team of experienced professionals provides personalized guidance, ensuring your business adheres to all VAT regulations. We help you navigate the complexities of the VAT registration threshold, avoid costly errors, and optimize your tax planning.

Ensuring Compliance with the VAT Registration Threshold:

Knowing the VAT registration cut-off point is of the essence for VAT compliance. Firms should track their taxable supplies and imports regularly so that they can know the time when they reach the compulsory registration limit. At this stage, Al Zora Accounting & Advisory can be of value by helping verify the process and ensure timely registration.

Don't let VAT compliance become a burden. Contact Al Zora Accounting & Advisory today for expert VAT consultation in Dubai. We can help you navigate the complexities of VAT, avoid costly errors, and ensure your business stays compliant.

FAQ:

What is the mandatory VAT registration limit in Dubai?

The mandatory VAT registration limit for VAT registration in the UAE is AED 375,000.

How can a VAT consultant in Dubai help my business?

A VAT consultant in Dubai can provide expert guidance on VAT registration, compliance, and planning. They can help you avoid costly errors, ensure accurate filings, and optimize your tax burden.

What happens if I fail to register for VAT when my business reaches the VAT registration threshold?

Failure to register for VAT when your business reaches the VAT registration threshold can result in penalties and fines from the Federal Tax Authority (FTA).

Can Al Zora Accounting & Advisory assist with VAT audits?

Yes, Al Zora Accounting & Advisory provides comprehensive support during VAT audits, ensuring your business is well-prepared and compliant.

What are some common VAT errors businesses make in Dubai?

Common errors include incorrect VAT calculations, late filings, improper record-keeping, and misunderstanding the VAT registration limit.

[cavegirlpoems]

You know, on the topic of 'can you be meaningfully queer in this game', I'm going to say that the game doesn't have to be a romance-centric game (eg Monsterhearts) to meet that threshold.

I'm going to take a slightly left-field example: Paranoia. In this (black humour dystopia) game, everybody is a clone grown in a vat, and fed a steady diet of mood-altering pills to keep them complient that - among other things - suppresses your libedo, to ensure there won't be non-vat-grown humans, and further the society strongly discourages romance in general.

This isn't the focus of the game, but it still means that the game presents us with a hegemonic standard for sexuality and relationships (they don't happen), and ways to be non-normative, and the decision to do so is meaningful.

An entirely heterosexual couple holding hands in Paranoia is - because their relationship is so non-normative the the game's scope, and will have serious consequences for them - a more queer story than any gay tiefling found families in D&D.

In Paranoia, the decision to engage in a sexual or romantic relationship is a meaningful one, in a way it isn't in D&D.

(You will note that romance is not mechanised in Paranoia, nor is it going to be a common mode of play, but the game does mention 'forbidden romance' as a potential plot hook).

[was-that-a-fanfic]

Love Him Till The Day That You Die!

The Search Begins

Chapter 10: Go There

Last< --- >Next

It took another few rounds of assuring and swearing that she was telling the truth and would actually keep her word before he finally felt like he could leave her be and go give the generator a once over.

Once he was off she turned on her heels and headed toward the tunnel, tucking a snack bar where she was sure Medic would find it just for the satisfaction of being able to say later he’d said no medical supplies, and headed to the sewer’s.

Doey had told her he had ways of getting there a lot faster than a normal person could and they’d agreed she’d wait at the water treatment plant for him.

The sharp angle of the tunnel from the Infirmary down to the Sewer’s made the stitches in her leg pinch but it was a quick trip to the dank and dark tunnels. She was surprised to see employee lockers still had clothes and personal effects inside as she passed through and took the small lift up to the treatment area.

Slimy thick moss and lichen had laid claim to the area. It was...oddly pretty?

Then again she’d always found that sort of thing interesting so maybe she was just biased on the matter.

There was a pair of skeletons soaking in the still water of the treatment vat and none of the computers or systems around the room seemed to be powered, only the lights remained active.

But Medic had mentioned their water supply was coming straight from a spring in the cave and was surprisingly safe to drink. It was a certain kind of relief that even though they were starving they at least didn’t have to worry about having enough to drink and keep cleaned with.

Bright colors drew her attention to one side of the gear mechanisms and she huffed, a bit disbelieving.

The cardboard cutout was only a tad taller than her, much shorter than the real things 8 feet. She’d seen them before, all over and of all different toys, but it was – different – somehow. Now that she’d found him.

Suddenly it was endearing instead of taunting.

She glanced at the PRESS HERE button, then over her shoulder at the empty room.

"Hiyya there, I'm Doey. I can be anything you...knead. hehehehe!"

Despite herself a warm smile just started to quirk the edge of her mouth.

He was already everything she'd ever knead.

Minutes later she heard the lift again and Poppy’s Employee friend came in at a slow jog.

He had the thousand yard stare of someone who was, unfortunately, very very good at their job.

They didn’t speak, Susan’s lighter was dropped into her hand as he passed heading straight to the door out to no man’s land.

She didn’t expect him to pause at the threshold, or to look back at her with an expression of pure bafflement.

“Izzy wants - a cake.”

And with that he was out the door and on the search for clues about Doctor Sawyer’s state and whereabouts... and for a cake of all things.

Susan silently wished him the best of luck in that endeavor, especially because she had no idea how he was going to manage that one.

---

She was leaning against the door frame looking out at the so called No Man’s Land when she heard an odd almost ‘blorp’ noise in the room behind her.

“You’re here!”

She laughed as Doey hurried to her. Pure excitement on his face to find her waiting exactly where he’d asked her to wait for him.

“Of course. I promised, didn’t I?”

The barest flash of pain crossed his expression.

How many promises had been broken that he looked so shocked that she’d kept such a simple one? She’d heard him talking to Poppy about how she’d disappeared, unsure whether abandoning them or trapped or something else. How many had made ones they couldn’t keep, or just outright lied to him? How much was from their lives before?

But as soon as it came it was gone. Inside, the part of him that was Jack alone’s giddiness overshadowing the parts that were only Matthew and his concern for her safety and just Kevin’s distrust.

“Yeah you did! The generator's working as smoothly as it can so we’ve got a good while to see what we can find.”

That sounded like good news.

“Poppy’s friend has already headed out there, I take it Poppy’s sent him to find out what he can about Sawyer… And apparently Izzy’s asked him to find her a cake.”

Doey giggled as they made their way past tents and repositioned power poles the Employee had used to make their way out of this section of the caves, their path taking them to the left of the door he’d unlocked.

“That’s gonna be a tallll order. She’s really good at keeping track of things like dates and times and her birthday’s coming up. Not a lot of toys remember theirs so she gets a bit excited.”

The shutter was closed over the rails and his demeanor shifted. The cheerful carefree attitude tempering into a furrowed brow and careful gaze.

“Wait here for a second, I gotta go open this for you.”

He headed back the way they’d come, across the suspended rails and – dissolved – into a pipe overhead.

It made sense as a thing he was able to do she just – hadn’t thought about it.

She waited. Wandering back to peak into the security gates the Employee had opened, but not seeing much of interest, then wandered back.

She was bouncing the end of her bat off the toe of her boot when the shutter raised, Doey stood waiting at a lever just a bit further. The giddiness was gone, replaced by a weary perceptiveness as he silently motioned them forward.

Within Doey the part of him that was mostly Kevin was in charge now, watching for traps and hidden threats surrounding them.

He was good at that.

His constant vigilance for issues and danger had gotten him in a lot of trouble in the orphanage, where he’d tended to over react to even minor perceived threats.

But that had been a long time ago, and more often then not in the ensuing years the threats had been very very real. What had once been paranoia had kept him and the other residents of their haven safe and secure from a lot since.

Susan followed his lead, staying silent as she stuck close behind with her bat settled casually over her shoulder, comfortable but ready to swing if the need arose.

“Stay here.”

She backed into an alcove of abandoned construction equipment and collapsed pieces of wall, watching as he carefully crept along the edge of the tunnel. At one point dissolving again to flow behind a set of pipes before suspiciously checking one over.

Moments passed tensely before he seemed satisfied and relaxed.

“Okay.”

She came out of hiding, not seeing what was different from this pipe, it didn’t look like a red smoke one.

“What was it?”

His shoulders went up, tense.

“Traps, The Doctor made them special. It’s a lot easier to avoid them if it’s just me.”

The long lists of reason’s she had to not like Harley Sawyer just kept going didn’t it.

“Thought you said this area is way too dangerous to go alone?” her tone was playful but only to mask genuine concern.

“Never alone though, am I?”

She couldn’t argue that one.

He was a little less tense now, the traps didn’t tend to be too tightly packed so they had a little breathing room. Almost literally in fact, as the tunnel opened up momentarily into another larger cave area littered with the fallen bodies of toys and abandoned construction equipment.

He asked, nervously, about her journey there. What the upper floors were like now, since he barely remembered them anymore. If she’d seen any toys they’d once known and been friends with (she hadn’t). Did she know Poppy before? (no, not that either) She told him about the little glimpses she’d caught of them on the way and how before this she hadn’t even realized there was a living Poppy doll.

She didn’t leave much out, mostly the boring bits getting from one spot to the other. Poppy had apparently told him about her Employee’s run in’s with Huggy Wuggy, Mommy Long legs, Mrs Delight (He was very surprised to hear they’d been friends, and she was sad to hear what had happened to her) and Catnap on their way down.

Poppy apparently had not mentioned the train derailment and the realization that she’d been on the same train with them when it happened had Doey’s concern for her well being spiking again over possible concussions and internal bleeding.

What a great job she was doing of lessening his worries.

But Medic had checked her over thoroughly so she could safely assure him again that she was fine, just bruised and bloodied. And once she’d convinced him of that she switched gears and started describing the event like some action movie scene with obvious over the top embellishments that had him snickering.

In the middle of her harrowing search for the workroom key to get out to the caves to Playcare (the one hanging at eye height besides the locked door she needed it for) she realized his head was somewhere else.

Literally. His body was walking besides her keeping pace but his neck was stretched back the way they’d come and peeking into a room she hadn’t given much notice.

Susan laughed, grabbing his elbow so he didn’t keep going without her and calling back

“Found something?”

He snapped back together, head and body meeting in the middle as she backtracked and she was sure he’d be blushing a little if he could.

“Heh – um- yeah sorry. I was still listening! Just spotted some parts that are wearing down on the generator.”

“Sounds promising, let’s see what we’ve got.”

---

More abandoned industrial equipment, already partially disassembled from when he’d stripped them previously for other things they’d needed at safe haven. But time continued onward and now other parts that hadn’t been picked over yet were starting to show their age.

Susan had been ready to help, but when she asked if he had any extra tools he bashfully admitted they did have some, but they were all in safe haven, he usually just shifted his dough to do the job.

When he couldn’t remember if he’d already stripped some equipment farther down the hall neither thought anything of her going to check, it had been awhile but he’d been through most of this area already and it was generally pretty quiet.

She didn’t realize she’d missed the door till the low thrum and rumble of conveyors hit her ears, huffing in frustration that she’d wandered farther than she’d meant to.

The hall had turned into catwalks and balconies that periodically looked down at a maze of wires and switches below. Again making her wonder who thought this mess made for a functional construction site. At least there weren’t a bunch of jump pads over endless chasms she supposed. She almost imagined she could hear the whirr of a grab pack somewhere off in the distance.

Actually, there was another noise, she could only just register it, it seemed like it was moving, but she couldn’t tell just what it was.

Best to find her way back, hopefully Doey hadn’t noticed how far she’d strayed. At least she hadn’t run into any trouble yet.

As soon as she thought that the noise came again. Much much clearer this time. A distorted jingle that crackled like it was being played from cheap damaged speakers.

She froze mid step, slowly turning toward the hall she’d just been passing.

It stood on it’s hind legs on the far end of some lockers, as if they did anything to hide it’s large rainbow yarn covered form. Drawn up almost like a begging pet.

Friendly round eyes glanced sidelong at her, adorable smile stretched a little wider as their gazes met. She took a slow step back as it lowered onto all fours, head still tilting curiously this way and that as it stared at her almost lovingly.

This wasn’t good.

“Hey-ya there pal, how about we jus-”

The head split open top to bottom, revealing its viscera-red hollowed out globe of a skull and two rings of spittle flecked sharp fangs. What was with Playtime and the double sets of teeth?!

It screeched and she was already running, the experience all too familiar as plush paws pounded and claws scraped at the linoleum close behind her.

It was fast, too fast. She could almost feel it nipping at her heels as she hit the end of the hall she’d come from. It broke into a T but directly ahead there was an alcove probably meant for some sort of cable access and she took a risk.

She slid, slamming into the back of the alcove with claws following close behind.

Yarnaby snarled and snapped at the too narrow gap, claws scrabbling one at a time trying to reach her, and periodically playing discordant little snippets of music.

The space was tight but she had just enough room to wriggle out of her pack and dig into a side pocket. A paw got just a little too close and she gave it a kick, causing Yarnaby to pull away for a moment almost as if it was taken aback before resuming its attack. But by then she’d found what she needed and the lighter was still in her pocket from when the Employee had given it back to her.

“Sorry kitty, no hard feelings.”

Aerosol spray hit lighter flame and blossomed out into a fireball, sending Yarnaby reeling and pawing at their face as the yarn around their head singed.

He rolled and pressed his head across the floor, putting out the smoldering threads and roared as it stalked back toward the alcove again.

But then a sound caught his attention, the familiar vreeee of a hand scanner being activated. That was right, they’d been told to find the grabby hands man, not the lady! What were they doing letting themselves be distracted, they had a job to do!

With a chuff and one last shake of their mane they sprinted in the direction of the noise.

---

She kept the aerosol can and lighter ready the whole way back to where Doey was just finishing up on the last of the parts they needed. Blocking a few doors as she went.

“There’s only one Yarnaby right?” You never knew with Playtime.

Doey blinked, a bit surprised by the question.

“Yeah, I think so.”

That was a relief.

“Good because he seems to be heading in the opposite direction we are, at least for now.”

She explained the whole experience as they dumped a few boxes and crates of their useless contents and packaged up the parts he’d collected. Pausing to give a quick demonstration of her home made flamethrower, much to his delight.

After some discussion on what to do next, there were a lot of parts after all, it was decided they were too valuable to leave in the caves to pick up on the way back and too cumbersome to take with them, they’d looped back on themselves a little anyway so as long as they were careful it wouldn’t take too long to drop everything off in the treatment facility, then continue on.

Nice, simple, quick...Until the bottom broke out of the box Susan had been using to carry her share (a tiny amount compared to the shipping crate Doey was easily hefting with the rest, she suspected he’d only bothered splitting them so she could feel like she was helping)

“Well that’s just crate.”

They starred at the scattered parts for a long moment before looking at each other and laughing so hard they couldn’t breath.

Still gasping for breath Susan waved him ahead while she picked up the mess, he’d needed to check if the coast was clear anyway. She was still snickering to herself as she finished up and heard the whirr of a door opening and Doey speaking in the next room.

"Oh, it's you! Is the Doctor…”

She joined in time to see Poppy’s Employee friend giving an apologetic shake of the head. It made sense, none of them had been gone for very long, couldn’t blame the wishful thinking though.

“No, don't suppose he is then...I've been here gathering parts for the generator. LOTS of--"

The moment the pipe burst time stopped moving in a way that made sense.

He was laughing, pleased with their haul then he – he was just solid crystallized ice frozen in the moment of shock and pain as he’d tried to move away only able to utter a single pained gasp.

She knew she screamed, a desperate terrified “NOO!” That tore it’s way out of her as the box slipped from her hands.

She knew she ran, the same desperation fueling her, frantic to do something - anything - to help him.

She was, on some level, even aware of the Employee, expression shocked and horrified but staying where they were. Only their gaze going up, over, across. And in the seconds it took her to sprint the length of the room they’d fired the grab pack at something in the ceiling and yanked.

They were lucky, so very lucky that he had. She wasn’t usually one to act without thinking but the abject, gut-wrenching terror that after everything, after all these years searching she was going to lose him just like that- Her only thought had been to get between him and the thing causing him pain. Regardless of how little difference it would have actually made.

The frigid air burned against her shoulder even as it sputtered to a stop and to her eternal relief as soon as it did he started to thaw. One arm drooping and dragging at his feet as he staggered away from the spent trap whimpering "Hurts hurts hurts hurts hurts" as he stumbled.

Without the immediate threat of losing her son blinding her Susan could think a little more clearly, scrambling for the boxes of papers she’d passed, hauling them across the room closer to the corner Doey was huddled in and lighting a corner of the lid.

The Employee stood, looking uncertain if there was anything else they could do to help or if they should go.

She paused as she swung the pack off her shoulders, only long enough to lock eyes with the Employee and say a quick “Thank you” that still conveyed that he’d done all he could here, he could go, they would be fine.

"He's made it impossible for me to get around here. Traps like this are everywhere!” He seemed dazed as the last of the ice melted away, hunched and shivering, she doubted he remembered she was there as she tore open the little silver square of an emergency blanket.

“It's the cold that hurts...The big mean doctor knows that…” He sounded so small, so defeated. Her poor baby boy, how often had this been done to them?

“It's okay. You're okay. It's all okay..." He’d wrapped his arms around himself, trying to comfort the other parts of him even as he remained just as shaken.

He jumped as a sudden glimmer of silver flung into the air, crinkling as she stretched to tuck it around his shoulders. She wanted to coo soft reassurances like she had so long ago... but gentle voices -

She touched his elbow, waiting for him to focus on her, still sniffling. She blinked, realizing her face was wet with tears as well as she wiped them from his cheek.

Wherever and whatever Doctor Sawyer was he had better be counting his days because she wasn’t just going to kill him, she was going to make sure he suffered.

Everything hurt, his body was stiff and every tiny movement felt like he was going to crack into a million pieces. But there was a blanket over his shoulders, and a fire beginning to crackle close by and his mother/their mother/our mother was looking up at them with so much love and concern.

“It’s okay. It's all okay” She whispered his own comforting words back to him, and he actually felt like he believed them this time.

He let the exhaustion win, curling up on the metal floor by the fire, head in her lap as she hummed absent melodies and kept watch.

[georgeshutcheson]

Sole Trader VAT - What You Need To Know

New Post has been published on https://www.fastaccountant.co.uk/sole-trader-vat-what-you-need-to-know/

Sole Trader VAT - What You Need To Know

In today’s complex business landscape, it is crucial for sole traders to have a thorough understanding of the VAT implications they may face. From navigating the intricate web of regulations to remaining compliant with HM Revenue & Customs, staying ahead of the game is essential. This article on sole trader VAT aims to shed light on the VAT implications that sole traders need to be aware of, providing key insights and practical advice to help them navigate this intricate tax process. By gaining a comprehensive understanding of VAT requirements and obligations, sole traders can ensure they are making informed decisions that align with their business objectives.

Understanding the implications of VAT for sole traders

Overview of VAT

Value Added Tax (VAT) is a consumption tax levied on goods and services in many countries worldwide. It is an indirect tax that is ultimately borne by the end consumer. The purpose of VAT is to generate revenue for the government while ensuring a fair distribution of the tax burden.

Definition of a sole trader

A sole trader, also known as a sole proprietor, is an individual who owns and operates a business as their sole owner and is personally liable for all debts and obligations of the business. It is the simplest form of business structure, requiring no formal registration or legal entity separate from the owner.

VAT registration threshold for sole traders

VAT registration is mandatory for businesses whose annual taxable turnover exceeds the VAT registration threshold set by the tax authority. For sole traders in the United Kingdom, the threshold is determined based on their taxable turnover in the last twelve months. It is important for sole traders to monitor their turnover to ensure timely registration when the threshold is exceeded. In the UK  sole trader VAT registration threshold is the same as for all other business structures. Currently, it is £85,000.

Benefits of VAT registration for sole traders

While VAT registration may seem like an additional administrative burden, it also offers several advantages for sole traders. Firstly, being a VAT registered sole trader enhances the credibility and professionalism of a business, as it signals that the sole trader is operating in a professional and legitimate manner. VAT registration for sole traders also allows them to reclaim the VAT they have paid on business-related purchases, known as input tax. Furthermore, sole trader VAT registration provides access to various VAT schemes and reliefs, offering potential cost savings and simplifications for certain types of businesses.

VAT rates and exemptions

VAT rates can vary depending on the nature of the goods or services being supplied. In UK, there is a standard VAT rate of 20% that applies to most goods and services. Additionally, reduced VAT rates may apply to specific categories of goods or services, often those deemed essentials or benefiting from reduced tax rates. Zero-rated supplies are those that are subject to VAT at a 0% rate, while exempt supplies are not subject to VAT altogether. Partial exemption rules may apply when a sole trader’s business activities involve both taxable and exempt supplies.

Input VAT

Input VAT refers to the VAT paid by a sole trader on their business expenses and purchases. As a VAT registered sole trader, you have the right to reclaim this input VAT from HMRC. It is crucial to keep proper records of your business transactions and retain valid VAT invoices to support your input VAT claims.

Output VAT

Output VAT refers to the VAT charged by a sole trader to their customers on the goods or services they supply. VAT-registered sole traders must charge VAT on their taxable supplies at the appropriate rate and issue valid VAT invoices to their customers. Different VAT rates may apply to different supplies, and it is important to ensure proper compliance with the VAT rules related to charging and accounting for output VAT.

VAT invoices for sole traders

VAT invoices play a crucial role in the VAT system, as they serve as formal records of the VAT charged on a transaction. As a VAT-registered sole trader, you are required to issue and retain valid VAT invoices for all supplies that you make. The information to include in a VAT invoice typically includes your business name and address, your VAT registration number, details of the goods or services supplied, the amount charged, and the amount of VAT calculated. It is essential to keep accurate and organized records of all VAT invoices issued and received.

Deadline for VAT returns

VAT-registered sole traders are required to submit regular VAT returns to HMRC, detailing their VAT-inclusive sales, purchases, and the VAT due or refundable. The deadline for submitting VAT returns varies depending on the period, but it is important to ensure compliance with the specified deadlines to avoid penalties or interest charges.

Penalties for non-compliance

Non-compliance with VAT regulations can have significant consequences for sole traders. Late registration penalties may be imposed if a sole trader fails to register for VAT within the required timeframe after exceeding the VAT registration threshold. Late payment penalties can apply if VAT payments are not made on time. Additionally, engaging in VAT fraud, such as issuing fake VAT invoices or submitting false information, can result in severe legal penalties, including fines and even imprisonment.

In conclusion, understanding the  for sole trader VAT requirement is crucial for ensuring compliance with tax regulations and maximizing the benefits of VAT registration. VAT can be a complex topic, but by familiarizing yourself with the VAT rates, exemptions, input and output VAT, VAT invoices, and penalties for non-compliance, you can effectively manage your sole trader VAT obligations. It is always recommended to seek professional advice to ensure accurate and timely compliance with the VAT requirements specific to your industry or business sector.

[fvckwithmefamo]

Sole Trader VAT - What You Need To Know

In today’s complex business landscape, it is crucial for sole traders to have a thorough understanding of the VAT implications they may face. From navigating the intricate web of regulations to remaining compliant with HM Revenue & Customs, staying ahead of the game is essential. This article on sole trader VAT aims to shed light on the VAT implications that sole traders need to be aware of,…

[zinefeed]

Hi! You know any guides for taxes for zine sales?

this is definitely something that varies greatly depending on where you live, but i'd recommend keeping in mind import taxes and goods & services taxes (will vary based on location again, but vat is an example).

you also won't necessarily have to pay taxes on the profit from the zine depending on your country's threshold for taxable income. if you do make enough to be taxable and that income is being distributed amongst contributors, you'd also want to see if that hits taxable threshold, but given how international zine communities are, that gets... messy. fast

ultimately, i'd recommend joining a discord or asking other zine runners in your country about their own experiences. tax laws are something that can change even by the year so there's no one consistent way of doing them unfortunately

[luvrodite]

kicking my past self for locking tumblr on my laptop i hate writing on my phone !!!!!! but anyway sorry thinking about The Boy and thinking about jason…jason who isn’t really himself but for the sake of this walk with me please please please

thinking about how you move into this big old manor, with its drafty halls and wide, wide rooms, a home too large for the eccentric old man who meets you, bruce wayne who shakes your hand and looks a little fearful as he moves through the rooms during your tour. you note the portrait that hangs in the foyer, large and its frame gilded, a little boy clinging to his side — he looks much much younger in this painting, no sight of the silver that takes up nearly his whole head now, wrinkles nowhere to be found. but it can’t have been that long — the date on the plaque is only a little over a decade old. there is something else in his eyes, something that wasn’t there then. but what would you know. you’re just the nanny.

he leads you to a bedroom, pristine, untouched, and curiously — home to not a child, but a porcelain doll. blue eyes stare lifelessly back at you as he deposits the thing into your arms, barely larger than a toddler. you cradle it, unease growing the more he talks, addressing the figure as though it were real, a twitch of his brow as he says something, the twist of his mouth when you think he believes you won’t see.

you chalk it up to grief — losing a child changes people. he’s been nothing but kind to you, if a little unorthodox. how could you fault him for the loss of his boy, one he had loved dearly, if the contents of the room are anything to go by. books that line an entire wall, a smudged handprint that matches the paint on the walls stamped into the white of the windowsill, accompanied by a much larger one. it tugs at your poor heart.

he takes your leave — a business trip, he says, one he expects to take him from home much longer than he anticipates. but you’ll want for nothing, he assures you, patting your hand, stroking the head of the doll — your payslips have already been scheduled and if you need anything, the town is only a short distance away. they’ll take care of you there, he says tightly, eyes flickering down to the mass in your arms. a funny look crosses his face, but it vanishes before you can place it.

and then, it’s only you. and the doll, of course. jason, he’d told you, but it is so eerily still, so lifeless and unmoving, that a real boy’s name does not suit it. the car vanishes up the road, and you are left all alone.

only, you aren’t. things begin to disappear and there is the distinct feeling of eyes on you that you try to chalk up to the isolation. but you can’t, because as hard as you try, there is no explanation for the absence of your underwear, the shirts that go missing and reappear in places you had not even occupied. footsteps in the hall, the sound of laughter.

you might be going mad.

you feel rather like a frog in a vat of water, burning slowly without even realising it. you ought to have run the moment you stepped through the doors of this beautiful, terrible home, you realise when you wake to the solid figure of a man at the foot of your bed.

your first thought is to scream, but a rough palm is pressing over your mouth before the sound can even slip out — absently, you think, what’s the point? who is there to hear you scream so far out here? in the dim, your tearful eyes take a moment to adjust to the light, heart seizing in your chest when you make out the porcelain mask atop his face.

that cupids bow, the cut of rosy cheeks, down to the very last detail — it’s him.

i think about a child whose death had not been avenged, returned from the grave to haunt a father who had been too late. a wrathful spirit, tormenting the man to his last days — saved only by an offering in his place.

unwittingly, your answer to the notice in the paper, seeking nanny for child, had sealed your fate long before you’d ever even passed the threshold of wayne manor. there is no one to save you.

and you had made your peace with the disturbances, fear addled mind accepting your stay would be spent co-inhabiting with the ghost of a boy gone too soon. you’d accepted his whims, then, damning yourself unknowingly, keeping to the routine you’d dismissed in the beginning.

the doll itself lies far away from you now, in its own bed, tucked in with a kiss to the forehead — he’d destroyed a few dozen volumes in the downstairs office when you’d forgone it once. you stare up at the man, the cause of all your haunting, not a spirit but real, solid flesh and blood. he looms over you.

there is a solid weight pressing into the space between your legs, and you remember the missing lace, satin stolen by unseen hands, cotton that would turn up amongst your clean laundry despite having never been loaded.

your name, whispered into the air, hangs between the both of you.

[papermatisse]

Security Blanket || C.SC

† genre: horror

† word count: 2k

† warnings: demon, sleep paralysis, fear, idk

† synopsis: when all else fails, your blanket will always serve as your shield from the outside world.

† (a/n): this one is based entirely off of the Magnus Archives episode Tucked In, which has imprinted upon me and haunted me ever since! it is terrifying! you guys should listen to it/read the transcript, it's great :)

† taglist: @scuzmunkie @hipsdofangirl @hydroyaksha

anthology | main masterlist

(y/n) had always had a rough time winding down for sleep. The clock would roll well into the witching hour and she'd still be wide awake, staring at the ceiling with a distant and desperate stare, as if hoping the white void of her ceiling above would eventually lull her to sleep itself. Though it never did.

Perhaps it was the anxiety of her life gradually accumulating within her, but the sleep paralysis seemed to make the nights infinitely more agonizing for her. She wouldn't even recall going to sleep in the first place before the next thing you know, there's a shadowy figure lurking in the corners of her room.

Tired and mentally drained, her only solution to the matter was to lift the blanket up above her head and block out the hallucinations. And somehow, it not only worked, but it managed to put her to sleep just seconds later.

And so it became a ritual almost. She'd lay there flat on her back, waiting as the night stretched on with seemingly no end, and soon enough, the amorphous darkness which occupied the crevices of her room would reappear again, and she'd bury herself into her blankets and fall asleep shortly afterwards.

It was strange, but it was enough to satiate her otherwise sleep deprived mind.

Though as the nights progressed, (y/n) began noticing shifts out of the corner of her. The darkness that had once sat idly on the outskirts of her room began to twitch, sporadic and unpredictable, initially minute tremors that she could barely detect through the spare moonlight streaming through her window, but it was there nevertheless.

Soon, the twitching became more apparent, more like pulses than anything else. The dark mass wriggled like a living creature, and at times she couldn't take her eyes off of whatever it seemed to be doing.

Gradually, the shadows began to condense into one, compressing itself into seemingly a defined silhouette of a man, curled into the corner, yet still fidgeting as it had when it was shapeless.

One of the nights she merely watched it was the first night it seemed to notice her. Its neck snapped up and presumably stared back, and though it remained faceless, she could feel its gaze upon her. As per usual, she retreated into the sanctity of her sheets, tugging the comforter well over her head as she curled into herself and fell asleep.

The next time (y/n) looked to the corner of her room, the creature was already staring back at her once more, a black chasm of nothingness observing her where she lay. She remained frozen for a moment, watching the edges of its form seem to shift and blur. She stared back, fascinated by it as it was with her. Though the longer she stared, the more she could make out its features. As if forcing her eyes to grow accustomed to the sheet of darkness which seemed to enshroud the thing.

Through the haze of murk, (y/n) could make out a nose, the first distinction to catch her eye. Then a pair of lips, corners downturned into a permanent scowl. Dark hair that fell lazily atop its head. And then eyes. Eyes which pierced through the darkness of her room and penetrated directly into her being. Black vats of inky darkness that absorbed any light that dared cross its threshold. Its gaze was unyielding, boring into her, unblinking, as if attempting by all means to infiltrate her very soul.

The full appearance of what had been stalking her for so many nights now suddenly manifested before her, and the sight of it made things feel so much more real. It put into perspective just how comfortable she had gotten in a situation that cried for interference. The shadows still clung to his figure, dark tendrils writhing about and stretching to encompass that entire sector of her room. Yet even with the imposing nebulous stature of the creature as a whole, that maddening gaze of his that stared at her with this frenzied fervor rooted her in her place. It was as if she couldn't tear her eyes from him, whether it be from morbid curiosity of what linger beneath or from the utter fear of a predator lurking before her.

(y/n) felt her heart drop when he shifted from where he sat, eyes still steadily trained on her as he moved onto his hands and knees. Her breathing stuttered, hands twitching at the seams of her blanket, eyes unblinking as she nervously awaited his next move. He began creeping towards, stretching out one hand and dragging himself closer to her, crawling towards the bed with his ceaseless stare unchanging.

Fear riddled her being that night, and she quickly retracted her sights from him in lieu of the blanket which had always protected her from these apparitions of her subconscious.

The following nights were much the same, except the creature continued to morph into a clearer and clearer likeness of a man, which only served to further petrify her every time she'd blink and he'd suddenly be there, staring, waiting. At this point with the sheer terror accumulating gradually in her system, wearing her out until she was riddled with nerves on the precipice of self destruction, she was understandably mortified beyond belief. Though what seemed to only further her downfall was the fact that the creature drew closer and closer to her every night.

Some nights it'd sit there, watching with those obsidian eyes that just seemed… far too aware of something. An awareness that transcended that of her own mortal consciousness. Probing. Analyzing. Instilling this primal terror in her with its malefic presence that tainted (y/n) with its unbound knowledge, untethered from the planes of reality she was grounded upon. Though that staring varied in duration, interrupted by this sudden and frenzied crawling.

Initially, there were slow and purposeful attempts to near her, as if a predator deliberately nearing its prey in hopes of not being spotted. With every passing night, and with every evacuation into her blanket, his approaches grew more frantic. Sitting there for what seemed like hours staring, and then without any sort of warning, he'd launch himself forward, clawing his way to her as if his life depended on it. She'd hear the scuffle of his body being dragged across the carpet, hear his unhinged huffs of breath, drawing closer and closer.

Though like clockwork, when she'd bury herself into her blankets, it all seemed to stop. That palpable dread which lingered in the air would dissipate, as would the heaviness of his gaze upon her and the anxiety inducing sounds of his breathing rapidly nearing. The stillness of the night returned to its original state, and the dangers beyond her security blanket seemingly vanished.

Seemingly.

As she lay there one night, eyes listlessly tracing nonexistent shapes into the ceiling, she waited for her nightly visitor's reckoning. Utterly dead to the world, heavy lids begging to be closed even if they'd be met with restless sleep for the entire night, she lay expectantly for the usual regimen she had found herself sinking into.

She blinked. And blinked. And blinked. And after the umpteenth blink, in the peripheral of her vision, she saw him once more. Crouched upon himself, hunched over onto his haunches, leaning the rest of his weight upon his knuckles. As clear an image of a man as he has ever been, yet still bearing that malevolent aura that reminded her of the macabre thread which separated reality from pure nightmare.

His fixated gaze was shorter this time around, almost immediately leaping into his attempt at getting to her. And like every other night, she responded by burrowing into her blanket. Except this time, nothing seemed to change.

She could still feel that vulnerable sensation of being under his careful watch. She could still feel the oppressive weight of the room whenever he lurks nearby. And rather than the blanket offering its usual sense of security as it usually does, she instead felt entrapped in a cage of her own creation.

Warily, she dared a glance beyond the blanket—the first time she ever braves the outside world after the initial retreat. And though she had felt nothing had changed, that if she checked the area she'd only be met with the sight of the creature continuing to crawl her way, she was instead greeted by a completely empty room. As if she had nothing to worry about in the first place. As if her survival instincts were merely skewed from the many nights of being alert.

Cautiously, she took a gander about the room. The corner where he resided was empty, almost this cavernous emptiness like something was missing. The shadows which emanated from his body were gone, and the room felt obscenely large in his absence.

(y/n) didn't understand any of this. Why was her body so convinced that something was amiss in the room instead of feeling the relief that the intrusion was merely gone?

Her fists clenched at the sheets, heart rate accelerating and breaths becoming shallow. Something in her refused to accept whatever conclusion her eyes seemed to make, rejecting the facade of safety that was bestowed upon her.

Just as she was about to raise the sheets once more, to shield herself again from the nightmares of her room, a movement caught her eye, prompting her to drop the blanket and check.

A pair of obsidian eyes. Staring. Watching. At the very foot of her bed.

A scream ripped from her throat as she threw the blanket over her, grasping at the seams and ensuring no part of her body was revealed to the outside. She waited with bated breath, body trembling with remnants of that image ingrained in her mind. The image of his dark and sinister glare steadily trained on her.

She first heard indistinct shuffling. And then she heard a creak. The familiar groan of wood wailing from the old joints of her bed frame. And then she felt it. A pressure on the spot of the bed beside her right calf, and then another on the left side. It climbed up her body—beside her thighs, and then her hips, and then her stomach, before finally resting on either side of her head. All the while, a weight seemed to travel its way up simultaneously, covering her body entirely with its mass. And once it was right above her, in a way that her body lay completely under its expanse, it pressed down upon her. The sheer heaviness forced a gasp out of her as she attempted desperately to remain still, to preserve any form of anonymity she could in this situation.

(y/n) could feel his chest against her own, rising and lowering with each labored breath, spiraling her into this existential dread that left her completely and utterly immobilized. The suffocating grip of sleep paralysis seemed to finally have its grasp upon her, forcing her into this reluctant state of captivity within her own body. The malevolent presence continued to pin her where she lay, like a boulder upon her feeble form weighed down like lead.

His breathing traveled up towards her face, a perverse whisper against her skin as it penetrated the shroud she was buried under. Panic surged within her, straining against the paralysis as her primal instincts began to kick in, yet she remained unresponsive, with only the hot tears streaming down her face to serve as a reminder of her still living and breathing state.

(y/n) closed her eyes, willing herself to break free from this wretched state, but the pressure on her chest only intensified. The breathing had finally stopped at the shell of her ear, her own breaths growing shallow and strained as the air within her blanket grew thin. The room seemed to close in around her, more than it had already at this point. And then suddenly, a voice penetrated the maelstrom of fear flooding her system.

"The blanket never did anything."

† (a/n): tbh idk if I'm allowed to literally copy an entire Magnus Archives episode verbatim, but yk, still fun and groovy

† (a/n): not literally verbatim but damn I did copy

[haridraws]

sorry to bother you, i saw your 2022 hourly comic post today and i first want to say thank you because it’s really my exact situation in so many ways, right down to being apart from my partner (haven’t gotten to see her since the start of the pandemic since we’re both disabled and public transport is a covid nightmare but we’re on the council housing waitlist so hopefully eventually!) and it means a lot to not feel alone in that. i wanted to ask about the mobility chair that helps you sit up if that’s okay? i have a simple bed setup but being able to sit in the living room with the sun and a view is nice, but i can’t sit up unsupported for long and i can’t really like Do Anything and also sit upright bc the sitting up is all my energy, so a chair like that might be something to save for if you could maybe tell me about it! also does it have support for the neck/head? i think my spine is getting compressed from not being able to sit up for so long lol but i might be able to find cushions for that so that’s less essential!

anyway, sorry to ramble on! no pressure if you can’t manage a reply, the fact that i know about such chairs now is helpful so thank you either way!! and probably very belated but i was scrolling your blog and happy to see you have a place with your partner, so congrats! take care and all the best to you both!

thank you for this message, v sorry you're in the same boat as I was. Answering properly and publicly in case this is useful for anyone else:

Stuff I personally use to make being bedbound more comfortable

obligatory disclaimer I am not a doctor, stretching or moving your body a little (see 18) if or when you can is probably good, etc.

1. SPECIAL FURNITURE The chair I have NOW is a "riser recliner" and I usually add a small pillow for lower back (and sometimes head) support. Like adjustable beds, they're whole furniture with powerful (HEAVY) motors built in, so they're expensive. They're usually cheaper:

if you don't need to be tipped out (just power recliners, though they might recline less or provide less support)

from regular shops, not mobility ones.

If you're able, you can go into a store and try one out first (personally being taken in a wheelchair was worth the strain, because it was weirdly hard to predict what back shape would be comfy).

if you're in the UK and you're 'chronically sick or disabled' you can get them VAT-free to make them 20% cheaper - mobility stores will have a form, others you might have to ask / check the shop does it

(I got one I could lie flat in, that came with a free setup service in the 'room of my choice'.)

It still took me 8 years of illness mostly stuck in bed to get both chair and bed because of (a) the price (b) not being sure I was sick enough to "deserve" it, same with my wheelchair. THIS WAS A FOOLISH WAY OF THINKING. There's no threshold required to get devices that will make your life easier / less agonising. Mobility aids are for anyone who'll be helped by them.

2. ADJUST EXISTING FURNITURE WITH WEIRD PILLOWS Special furniture will obviously not be possible for everyone, and before I got the chair, I just used a combo of regular pillows and a triangle wedge pillow in bed (though it took trying 2 different wedges to find one that was a good shape for me.)

Last year someone ( @dont-break-hearts I think? THANK YOU) recommended me this shape cushion - some start at £15 on that site. That's now what I use to sit on a regular sofa, though I also always need my legs up at the same height (tall footstool now, but a sideways dining chair works ok) so it's closer to lying down.

These aren't 100% ideal - ymmv, I still need extra cushions and any position gets stiff after a while - but for me are WAY BETTER than just layering pillows or forcing myself to sit up.

[tirumalesh-co]

GST Registration Consultants Madhapur

Comprehensive Guide to Goods and Services Tax (GST): Frequently Asked Questions Answered

 Introduction to Goods and Services Tax (GST)

Goods and Services Tax (GST) is a unified indirect tax system implemented in several countries to streamline the collection of tax on goods and services. GST aims to eliminate the cascading effect of taxes that existed under previous tax regimes, ensuring seamless input tax credits and a transparent taxation process. One of the common challenges faced by businesses and individuals alike is understanding the nuances of GST. This article addresses the most important frequently asked questions on GST, helping you clarify your doubts and optimize your tax compliance. GST Registration Consultants Madhapur

 What is GST and Why Was It Introduced?

Understanding the Concept of GST

GST is a destination-based tax that is levied on the supply of goods and services. It replaces a wide array of indirect taxes that previously existed, such as VAT, service tax, excise duty, and more. Under GST, every stage of the supply chain is taxed, but businesses can claim credits on the taxes they've paid, thus reducing the overall tax burden and fostering transparency.  GST Filing Services Madhapur

Objectives and Benefits of GST

The primary goals behind the introduction of GST are:

- Simplification of Tax Structure: Unifying multiple taxes under one umbrella.

- Elimination of Tax Cascading: Enabling input tax credits at each stage.

- Boosting Revenue Compliance: Through high transparency and easier processes.

- Encouraging Interstate Trade: By removing barriers linked to varied state taxes.

How is GST Structured?

Components of GST

GST in many countries, such as India, is categorized into three main components:

- CGST (Central GST): Levied by the central government on intra-state sales.

- SGST (State GST): Imposed by the state government on goods and services sold within the same state.

- IGST (Integrated GST): Charged on interstate sales and imports/exports.

This structure ensures fair revenue sharing between the central and state governments.

Who Needs to Register for GST?

GST Registration Criteria

- Turnover Threshold: Businesses that exceed the stipulated annual turnover limit (which may vary by jurisdiction) must register for GST.  Professional Tax Filing Madhapur

- Inter-State Suppliers: Entities involved in supplying goods or services across state lines need mandatory GST registration.

- E-Commerce Operators and Aggregators: Online marketplaces and certain service aggregators are also required to register.

- Casual and Non-Resident Taxpayers: Those making occasional transactions or operating from outside the country must register accordingly.

Steps for GST Registration

1. Online Application: Visit the official GST portal and complete the registration form.

2. Document Submission: Upload necessary documents like PAN, address proof, and identity proof.

3. Verification and Approval: Authorities verify documents and issue GSTIN upon successful approval.

What are the Different GST Slabs and Rates?

GST Tax Slabs

GST rates typically fall into different slabs, depending on the country’s policy and the type of goods/services:

- Exempted Goods/Services: 0% GST

- Lower Rate Goods/Services: 5%

- Standard Rate Goods/Services: 12% and 18%

- Luxury and Sin Goods/Services: 28% or higher

These rates vary by product category, with essential goods often taxed at lower rates and luxury items at higher rates.

How is GST Calculated?

GST Calculation Formula

GST can be calculated using the following formula:

GST Amount = (Original Price x GST Rate) / 100

Final Price = Original Price + GST Amount

For example, if a product price is $1,000 and the GST rate is 18%, the GST amount will be $180, and the consumer pays $1,180.

Input Tax Credit (ITC) Mechanism

One of the most significant features of GST is the input tax credit. It allows businesses to deduct the tax they've already paid on inputs (purchases) from their liability on outputs (sales). This mechanism ensures there is no tax-on-tax and reduces the overall cost for end consumers.

What is the Procedure for Filing GST Returns?

Timeline and Types of GST Returns

All registered businesses are required to file GST returns at periodic intervals (monthly, quarterly, or annually, based on their turnover and jurisdiction):

- GSTR-1: Details of outward supplies

- GSTR-2A/2B: Records of inward supplies (auto-populated)

- GSTR-3B: Summary return with payment of taxes

- Annual Return (GSTR-9): A comprehensive yearly summary

Filing returns accurately and on time is essential to avoid penalties.

How Are Exports and Imports Treated Under GST?

GST on Exports

Exports are generally treated as 'zero-rated supplies' under GST. This means the exporter is not taxed on exports and can claim refunds for taxes paid on inputs.

GST on Imports

Imports are regarded as interstate supplies and are subject to Integrated GST (IGST). Importers can claim input tax credits for the IGST paid, ensuring tax neutrality.

Common Mistakes to Avoid in GST Compliance

Frequent Errors and Their Solutions

- Incorrect GSTIN Usage: Always use the correct GST identification number for transactions.

- Delayed Return Filing: Timely filing avoids late fees and penalties.

- Mismatch in Invoice Details: Ensure supplier and recipient details are aligned.

- Not Claiming Input Tax Credit Properly: Cross-check that all eligible credits are claimed.

Being vigilant with documentation and staying updated with GST notifications helps maintain seamless compliance.

Recent Amendments and Updates in GST

Keeping Up with Changes

GST regulations are frequently updated to address changing business needs and policy objectives. Stay informed through official GST portals, regular tax workshops, and consultation with certified GST practitioners to ensure ongoing compliance.

Conclusion: Mastering GST for Business Success

Understanding Goods and Services Tax is vital for businesses looking to stay compliant, reduce tax burdens, and streamline operations. By being aware of GST registration, rates, return filing, and common pitfalls, you can optimize your business’s tax strategy and avoid unnecessary complications. Always seek professional advice for complex GST matters and keep updated with the latest GST trends to ensure your business remains on the right side of the law.

By addressing the most important FAQs on GST with clarity and depth, this guide aims to serve as a valuable resource for entrepreneurs, accountants, and anyone seeking a comprehensive overview of the GST regime. 

Tirumalesh & Co | Chartered Accountants offers expert Best CA Firms In Madhapur Get accurate, timely solutions from trusted professionals near you.

Call/What’s App – +91 84998 05550.

Location: https://bit.ly/42ljdS4

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US-Thailand Treaty of Amity

The 1966 Treaty of Amity and Economic Relations between the United States and Thailand (amended 1968) represents one of the most consequential bilateral agreements in Southeast Asian commerce. Emerging during the Cold War's geopolitical realignments, the treaty was designed to:

Strengthen economic ties between the two nations

Provide US investors with national treatment in most business sectors

Serve as a counterbalance to regional communist influences

Key Distinction: Unlike standard Foreign Business Act (FBA) provisions limiting foreign ownership to 49%, the treaty permits 100% US-owned enterprises across most industries.

2. Legal Mechanics: How the Treaty Supersedes Thai Law

A. Treaty vs. Foreign Business Act (FBA)

The FBA's three restrictive lists (Annexes I-III) normally prohibit foreign majority control in:

Annex I: Agriculture, media, land trading (absolute prohibitions)

Annex II: Certain service industries (requires Cabinet approval)

Annex III: Most professions (engineering, accounting, etc.)

The Amity Treaty overrides these restrictions for US nationals through:

Article IV(1): National treatment guarantee

Article IV(3): Most-favored-nation clause

Article VI(4): Capital transfer protections

Exception: The treaty cannot circumvent constitutional land ownership restrictions (US companies may own buildings but not land).

Notable Exclusion: Financial services (banking/insurance) remain regulated by the Bank of Thailand.

3. Establishing an Amity Treaty Company: Technical Requirements

A. Ownership Structure Mandates

Minimum 51% US ownership (individuals or corporate entities)

US citizen control of board decisions

Documentation Requirements:

Notarized affidavit of US ownership

Certified corporate documents (for US parent companies)

Passport copies of US shareholders

B. Registration Process

Name Reservation (Department of Business Development)

Capitalization (No minimum requirement but practical considerations apply)

Treaty Certification (Ministry of Commerce)

Tax Registration (Revenue Department)

Work Permit Applications (No quota restrictions)

Processing Time: 4-6 weeks for complete setup

4. Operational Considerations & Compliance

A. Capitalization Strategies

While no minimum capital is mandated:

THB 2 million recommended for work permit approvals

THB 5 million+ for credibility with Thai banks

B. Tax Optimization

Transfer pricing documentation critical for HQ transactions

Withholding tax planning on service fees (typically 15%)

VAT registration thresholds still apply

C. Annual Compliance

Audited financial statements required

Corporate income tax filings (even if zero revenue)

Shareholder meeting minutes documentation

5. Common Pitfalls & Dispute Resolution

A. Ownership Dilution Risks

Losing US majority control voids treaty privileges

Solution: Implement shareholder agreements with veto rights

B. Banking Challenges

Thai banks often unfamiliar with treaty provisions

Recommendation: Use Bangkok Bank or Siam Commercial Bank (most experienced)

C. Dispute Resolution Mechanisms

Arbitration: Preferred under Treaty Article V

Forum Selection: Thai courts generally respected

Enforcement: New York Convention applies

6. Long-Term Strategic Planning

A. Succession Planning

Transferring shares to non-US heirs risks treaty status

Solution: US-domiciled holding company structure

B. Expansion Pathways

BOI Upgrade: Possible but requires new application

Regional HQ Status: Can complement Amity privileges

C. Exit Strategies

M&A Considerations: Buyer must maintain US majority

Liquidation: Capital repatriation protected under treaty

7. Recent Developments & Future Outlook

2019 Amendment Discussions: Proposed updates stalled

Digital Economy Impact: Cloud services interpretation evolving

Geopolitical Factors: US-China tensions increasing treaty's value

Emerging Trend: More US tech startups using Amity as ASEAN beachhead.

8. Expert Recommendations

For New Market Entrants:

Conduct treaty qualification analysis before incorporation

Structure capitalization for both immigration and banking needs

Document all corporate actions meticulously

For Existing Businesses:

Annual treaty compliance audit

Consider BOI dual-track strategy for manufacturing

Evaluate Elite Visa for non-working shareholders

For High-Risk Industries:

Retain Thai legal counsel for FBA gray areas

Maintain parallel Thai nominee structure as backup

9. Conclusion: The Treaty's Enduring Value

While Thailand's investment landscape has evolved significantly since 1966, the Amity Treaty remains the most efficient vehicle for US businesses seeking:

Full operational control without joint ventures

Rapid market entry (vs BOI's longer process)

Political risk mitigation through treaty protections

Final Consideration: The treaty works best when integrated with:

Proper tax planning

Strategic immigration structuring

Local regulatory compliance