VatCalculatorOnline

35 Vat FAQs


After VAT kicking in, then getting engaged, the last thing I needed is my company deciding to cut 33% from my salary.

Employees have been leaving the company continuously, they're not making a great amount of money, and being the highest paid (Not that high, trust me), they decide "You're not doing anything so we decided to decrease your salary". Ignoring the fact that I've been diagnosed with depression because o

Posted 12 February, 2018

Survive in London on a salary of £20k? (1666 after tax per month)

What are your honest thoughts on this? Unless I have counted wrong, it comes out to roughly £1666 pcm after taxes. 10 600 is tax free. The rest, 9400, is taxed at 20%. Is there anything wrong with this? Rent: 750 Bills: 50 Food: 250 Commute: 230 (monthly travelcard, zone 1-6).

Posted 12 February, 2018

Should London have a tourist tax?

In some big European cities (and small ones too) like Paris, Amsterdam, Barcelona and Rome, there is a tourist tax. Further afield New York has one too. These vary from fixed rates depending on your class of accommodation or percentages of your accommodation price. Some may charge per person and oth

Posted 12 February, 2018

VAT on my Loan that i took 3yrs ago?

Hi can anyone advise me what to do? I was surprised to received my statement today from dunia. I had a loan with them since march 2015, for 36 months, my last payment was supposed to be this February, when i received my statement last dec my outstanding balance was 1770. Now when i received it its 1

Posted 8 February, 2018

Need a small, relatively cheap accounting software. Freshbooks or Zoho? (or what else is used in Dubai)

Title Or, any other recommendations you might have? Of course, should be "Vat ready" (lol I love that label). Freshbooks accepting CC payments on invoices you send out is really tempting me to go with that, as it eliminates the whole bank transfer issue. Zoho doesn't show that on their site, but do

Posted 8 February, 2018

Do we still pay VAT for services already paid for in 2017?

I recently had a debate with my local gym and looking if anyone has answers to the following about VAT. I paid for a gym membership (a service) in full on 1st January 2017 for 18months contract. Now with the new law implemented, the gym requires me to pay VAT from 1st January 2018. I understand th

Posted 8 February, 2018

Bottled water vs Brita jug in Dubai.

So, VAT is bumming me out and I'm thinking of switching to a BRITA jug for my daily drinking water. And it's also reduces my use of plastic bottles, yay! Has anyone here tried it or is currently using it? How does it compare to normal bottled water? Is it relatively safe to drink the water even aft

Posted 8 February, 2018

What would make you want to live in Dubai even if there was income tax?

Let's face it, the way things are going these days (VAT, falling oil prices with no end in sight) it's a matter of when and not if. So, redditors of Dubai, what is it that would make you stay in Dubai even if there was, let's say, a nominal income tax (5-10%)? For example, would permanent residency

Posted 8 February, 2018

When is a fee not a tax?

Currently living in a hotel until I decide what I want to do regarding accommodation. The fee's and taxes now are out of control to the point where the price can be 25-30% higher than what is advertised. An example today: VAT AED 351.45 Property service charge AED 639 Destination fee AED 15.00

Posted 8 February, 2018

One month of 2018. What has it done to/for you?

I'll start with myself. Keeping an account of every Dirham I spend. Glad I'm finally doing this. Optimizing our spendings i.e. vouchers and offers. Driving more sensibly i.e. improved fuel economy from 12.3L/100kms to 9.7L/100kms. Petrol prices are going further up so I'm going to try to drop i

Posted 8 February, 2018