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---- Currency reports in more countries including the UK


ThirdWheel - 9:46 am on Jun 16, 2009 (gmt 0)


@speedshopping

I'm no accountant, but as I understand it, Google employ the reverse charge mechanism, which means the buyer (Google) pays the VAT, not the seller. This is different if you reside in the country from where the funds are issued, Ireland (where those registered for VAT must send Google a VAT invoice), but that's obviously not the case as we're talking GBP here. Income tax applies as before.

Dick


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