turnover tax

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Turnover Tax

A tax paid on a good during or after its manufacture, rather than when it is sold. It is usually calculated as a percentage of the value of a good.

turnover tax

see VALUE-ADDED TAX.

turnover tax

see SALES TAX.
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After inspection, the French tax authorities claimed 12,814 in unpaid turnover taxes for deposits they say are subject to VAT.
Interpretation of Article 4(5) of and point 1 of Annex D to Sixth Council Directive 77/388/EEC of 17 May 1977 on the harmonisation of the laws of the Member States relating to turnover taxes - Common system of value added tax: uniform basis of assessment (OJ 1977 L 145, p.
Council Decision deemed to be adopted under the procedure contained in Article 27(4) of Directive 77/388/EEC authorising France to apply a measure derogating from Articles 2 and 10 of Directive 77/388/EEC on the harmonisation of the laws of the member states relating to turnover taxes.
falls within the scope of the prohibition (outlined in the Sixth VAT Directive) of other national taxes which can be characterised as turnover taxes, "provided that, for a representative sample of businesses subject to both taxes, the ratio between the amounts paid in VAT and the amounts paid in the disputed tax is substantially constant" .
The Act of Accession of the United Kingdom provides that Community acts on the harmonisation of legislation of member states concerning turnover taxes do not apply to Gibraltar.
According to an EU directive on turnover taxes (77/388/EEC), the operation of games of chance must, as a rule, be exempt from VAT, although member states have some scope for determining the conditions and limitations to which the exemption can be applied.
Interpretation of articles on the harmonisation of the laws of the Member States relating to turnover taxes .
The EU Council of Ministers has authorised the UK to make an exemption on turnover taxes (Sixth VAT Directive 77/388/EEC) in order to prevent the avoidance of VAT through the undervaluation of supplies in the motor vehicle trade.
Article 4(1) of Directive 95/59/EEC on taxes other than turnover taxes which affect the consumption of manufactured tobacco harmonises the definition of "cigarettes".
Under the terms of the United Kingdom's accession to the European Community, EC measures on the harmonisation of legislation of Member States concerning turnover taxes do not apply to Gibraltar.
Under the terms of the United Kingdom's accession to the European Community, EU measures on the harmonisation of legislation of Member States concerning turnover taxes do not apply to Gibraltar.
For this measure, Spain has also failed to follow the Commission procedure under Article 25 of the Sixth Council Directive on the harmonisation of the laws of the Member States relating to turnover taxes (the 6th VAT Directive - No 77/388/EEC);- the modification of the tax regime for agricultural co-operatives which are selling agricultural diesel to non-members of these co-operatives, resulting in a lower income tax rate for the co-operatives.