IVA uso común

English translation: VAT on mixed supplies

16:11 Nov 25, 2015
Spanish to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Tax regulations/ new tax schemes
Spanish term or phrase: IVA uso común
Possibly from Colombia/Argentina.
I'm not sure if "uso común" in this context just means normal/bog standard, or if it refers to some kind of shared burden...?

The phrase appears in this link: http://www.sii.cl/mipyme/casos_especiales_registro_documento...

"Registrar documentos con IVA uso común. 4. 3. Registrar documentos con Impuestos adicionales que NO tienen derecho a crédito."
neilmac
Spain
Local time: 05:42
English translation:VAT on mixed supplies
Explanation:
We have some explanation here of the term:

"Para las compras destinadas en parte a ventas afectas y
en parte a ventas exentas, se indica acá por que la
proporción de afecta/exenta se hace al finalizar el
periodo tributario"

http://www.iconstruye.com/pdf/manuales/Comprador/manual_carg...

Source: http://www.taxadvisermagazine.com/article/mix

"HMRC and the VAT profession thought (perhaps somewhat optimistically) that the issue of VAT on mixed supplies had been fully resolved in 1999 when the European Court of Justice (ECJ) gave its landmark ruling in the case of Card Protection Plan Ltd (CPP) (case C-349/96). "

You can also refer to this as:

Mixed supplies } if the subject of the text
Composite supplies } is already dealing with VAT

Mixed supply VAT

VAT on Composite supplies

--------------------------------------------------
Note added at 3 days18 hrs (2015-11-29 10:40:58 GMT)
--------------------------------------------------

Given your link, mixed-rate VAT sounds the most suitable term, as mixed supply VAT and composite VAT have very precise definitions!
Selected response from:

Neeraj Nagarkatti
United Kingdom
Grading comment
Sorry I took so long to close this... I think I just called it "mixed rate" in the end... Nobody's complained yet :-)
4 KudoZ points were awarded for this answer



Summary of answers provided
4Mixed use (reduced rate) VAT
Adrian MM. (X)
4VAT on mixed supplies
Neeraj Nagarkatti


Discussion entries: 3





  

Answers


18 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Mixed use (reduced rate) VAT


Explanation:
I agree with Charles D's analysis, a mixed rate clocking up both 'qualifying and non-qualifying' use.

I hasten to add that my UK revenue law finals syllabus -many moons ago - included 'VAT in outline only'.

BTW, I do not have a ProZ preference filter for business - rather tax/law/accountancy - questions, so never saw this one.

--------------------------------------------------
Note added at 18 hrs (2015-11-26 11:02:56 GMT)
--------------------------------------------------

https://www.gov.uk/government/publications/vat-notice-70119-...

--------------------------------------------------
Note added at 23 hrs (2015-11-26 16:10:05 GMT)
--------------------------------------------------

including a wee dram....


    Reference: http://https://www.gov.uk/government/publications/vat-notice...
Adrian MM. (X)
Local time: 05:42
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 40
Notes to answerer
Asker: Cheers Adrian, every little helps ;)

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3 days 3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
VAT on mixed supplies


Explanation:
We have some explanation here of the term:

"Para las compras destinadas en parte a ventas afectas y
en parte a ventas exentas, se indica acá por que la
proporción de afecta/exenta se hace al finalizar el
periodo tributario"

http://www.iconstruye.com/pdf/manuales/Comprador/manual_carg...

Source: http://www.taxadvisermagazine.com/article/mix

"HMRC and the VAT profession thought (perhaps somewhat optimistically) that the issue of VAT on mixed supplies had been fully resolved in 1999 when the European Court of Justice (ECJ) gave its landmark ruling in the case of Card Protection Plan Ltd (CPP) (case C-349/96). "

You can also refer to this as:

Mixed supplies } if the subject of the text
Composite supplies } is already dealing with VAT

Mixed supply VAT

VAT on Composite supplies

--------------------------------------------------
Note added at 3 days18 hrs (2015-11-29 10:40:58 GMT)
--------------------------------------------------

Given your link, mixed-rate VAT sounds the most suitable term, as mixed supply VAT and composite VAT have very precise definitions!

Neeraj Nagarkatti
United Kingdom
Specializes in field
PRO pts in category: 4
Grading comment
Sorry I took so long to close this... I think I just called it "mixed rate" in the end... Nobody's complained yet :-)
Notes to answerer
Asker: Thanks for the input. I wonder if this would be the same as "mixed-rate VAT"...

Asker: It would appear to be so: http://www.vatlive.com/eu-vat-rules/2015-digital-services-moss/mixed-supplies-which-vat-rate/

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