Does my business pay VAT on water bills? Non-industrial businesses are exempt from paying VAT on their water supply.... read more ›
You do not pay VAT on household water or wastewater charges.... see details ›
VAT SIC Codes
01 – Energy and water supply industries. 02 – Extraction of minerals and ores other than fuels; manufacture of metals, mineral products, and chemicals.... read more ›
Business water rates are considered 'zero-rated supply' for most businesses, which means that no VAT is charged on the water supply, but it still remains taxable in other ways.... continue reading ›
Composite supply, attracts 18%: AAR
Supply of drinking water to the public through mobile tankers or dispensers by a charitable organisation is taxable at 18% under the GST, AAR has ruled.... read more ›
The water molecule, as a whole, has 10 protons and 10 electrons, so it is neutral.... read more ›
The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) announced on Thursday the new tax regime removing the 12-percent value-added tax (VAT) in the water bill, although a national and local franchise tax ranging from 0.5 to 2.825 percent would still be imposed.... see more ›
Any HMRC guidance link? Hi. Both still and sparkling bottled water would be standard rated.... see more ›
Vendors making zero-rated supplies are entitled to full input VAT credits on costs incurred to make such supplies (in other words, they can claim the VAT paid on expenses such as stock, water and electricity back from Sars).... see details ›
Bottled Water Taxes are Regressive – Government should not place tax burdens on those who are the most vulnerable and need bottled water. Bottled water taxes will have a disproportionate impact on the lower income people who must use bottled water as their source of drinking water.... read more ›
Utilities (water, electricity and gas) are essential services that play a vital role in economic and social development.... see details ›
Since water is movable goods, this qualifies as goods as defined u/s 2(52) of CGST Act. We further observe that applicant is providing service to the society in two parts viz. Service of maintenance and Supply of water.... see more ›
Food and drink for human consumption is usually zero-rated but some items are always standard-rated. These include catering, alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water.... continue reading ›
There is no overall charge to a water molecule, but there is a slight positive charge on each hydrogen atom and a slight negative charge on the oxygen atom.... see more ›
Water is polar because it has one end that is slightly negatively charged, and another end that is positively charged. The water molecule is made of one oxygen atom and two hydrogen atoms. The oxygen atom is covalently bonded to the hydrogen atoms.... view details ›
Water, which is two hydrogen atoms and one oxygen atom, also is made up of charged particles, with the two hydrogen atoms having a positive charge.... view details ›
The removal of the 12 percent VAT is due to the passage of Republic Act Nos. 11600 and 11601 granting Maynilad and Manila Water, respectively, franchises to establish, operate and maintain waterworks system and sewerage, and sanitation services in the concession areas.... view details ›
THE Department of Finance (DoF) said on Thursday that power consumers pay 12% value-added tax (VAT) only once, following remarks by the head of the Energy Regulatory Commission (ERC) that VAT should only be collected from power distributors. “There is no double taxation in the electric power industry.... view details ›
- Sporting activities and physical education.
- Education and training.
- Some medical treatments.
- Financial services, insurance and investments.
As an example of the complexities involved, tap water is zero-rated, but bottled water is not (although a bottle of milk is). It 'logically' follows that ice is zero-rated if made from tap water, but not if from bottled water – although good luck telling the difference. Baked goods are a similar minefield.... see more ›
While the standard rate of VAT is normally 20%, for food and drink sold in pubs and restaurants, a reduced rate of 5% will apply until the end of September 2021. After this, the rate will increase to 12.5% for a further six months, before returning to the usual 20% in April 2022.... view details ›
You can claim expenses for: rent for business premises. business and water rates. utility bills.... see more ›