Discover the expert in you.
Discover the expert in you.
If you purchase goods or services while traveling in the European Union, then you must pay a value-added tax (VAT), which is a particular breed of consumption tax. In 2011, the European Union raised its VAT rate from 17.5 percent to 20 percent. Since the U.K. is one of the 27 member countries of the European Union, as of 2011, that means on every product you purchase there, you must pay an additional 20 percent.
Lahore is a city in the Punjab province of Pakistan. The car registration tax in Lahore is collected by the Excise and Tax Department of the Punjab government. A government database called the Motor Transport Management Information System (MTMIS) allows you to calculate the vehicle registration tax online. Two calculations are possible: one for a new vehicle that has never been registered before, and one for renewing the registration on a used vehicle.
GDS stands for gross debt service and is a ratio measuring a potential borrower's debt. Lenders use this ratio in determining whether a loan is granted to a borrower or not.
The only way to know the specific sales tax laws for hotels is to know what state the hotel is in. These taxes are determined on a state-by-state basis, and what can make the matter even more confusing is not every state refers to these fees as sales taxes. There are several states that have no sales tax, but still levy taxes on hotel rooms in the form of various fees.
Value Added Tax is a sales tax on taxable goods and services that is calculated at two different rates. The standard rate is 17.5 percent (20 percent, as of Jan. 4, 2011) and the reduced rate (5 percent). If you are a VAT-registered business and you collect sales tax for Her Majesty's Revenue and Customs, then you must calculate the price of goods with VAT (VAT-inclusive) and without VAT (VAT exclusive, or ex-VAT).
Hotel occupancy refers to the percentage of rooms occupied in a hotel at a given time. The occupancy rate helps a hotel's administrators evaluate their business and determine whether the hotel has a vacancy for letting out rooms to walk-in guests. A hotel front-desk clerk or manager should know the information required to determine the hotel occupancy.
Traveling on the company dime can be confusing, especially when it comes to figuring out what the company will and will not reimburse. Some companies reimburse the hotel tax while you are on the road, but this becomes tricky when you travel during the peak season, the time of the year when hotels raise their prices to much higher levels to match the increased demand for rooms. There are ways to calculate the hotel tax, however.
Tourists in Quebec are often caught off-guard by the province's two-layered sales tax system. With the proper math, however, determining the full cost of goods and services in Quebec can be calculated quickly and accurately.
