Other thing is that when you’re VAT registered, as a buyer of parts you reclaim VAT on things you purchase as inputs. So the tax on the final product is what matters.
With US sales taxes you accrue tax all the way up the chain.
In many states in the US, if you go and buy materials, as a business, you pay a sales tax. There are exemptions and partial rebates, but there's nothing across all industries, and it varies by state. So if you were a farmer you might find you were exempt on fertilizer and tractors but not on a pickup truck.
That's different to a VAT, because there, as long as you're a registered business for VAT purposes, all purchases you make are exempt from VAT - either you don't pay it when you purchase and are invoiced by a business, or you can claim it back if you keep receipts. Companies have to register for VAT when revenue hits a certain amount; here in the UK it's £85k for e.g.
>either you don't pay it when you purchase and are invoiced by a business
As a business you pay VAT when you purchase. And you collect VAT when you sell.
Then you pay to the government the difference between collected VAT and paid VAT.
That's what the "Value Added" part means.
No, if you provide a VAT number, in business to business transactions, companies will not normally charge VAT in the first place, so you don't pay it when you purchase in many cases as a business.
However if you go into something aimed at consumers, and make a purchase, they're normally not set up for this, which is why you're able to reclaim when you have paid it.
> So if you were a farmer you might find you were exempt on fertilizer and tractors but not on a pickup truck.
There are items that generate a non-deductible input tax in VAT countries (often entertainment items or cars).
But usually, those will be the exception and deductible would be the default.
It’s interesting because BBC Sounds replacing iPlayer Radio was one of the worst redesigns I’ve ever seen for discoverability. Even now, several years on, it’s considerably worse. Whatever the technical merits of the migration, finding radio programmes became much much harder, all while they push podcast content.
Offset financial years mean your finance people aren’t working furiously between Christmas and New Years getting the EoY stuff done. I feel bad for the ones in my company every year.
Well, 52 weeks is 364 days, and a calendar year is 365.5±0.5 days, so if you are doing “years” by whole numbers of weeks and don't want to get more than a week out of sync with the regular civil calendar, you are going to need a 53 week year every few years, regardless of your start date.
You cant use the embeddings/vector search stuff this refers to in self hosted anyway, it’s only implemented in their Atlas Cloud product. It makes it a real PITA to test locally. The Atlas Dev local container didn’t work the same when I tried it earlier in the year.
> working for Rolls Royce in the middle of nowhere
Most people I know who ended up at RR live in Nottingham or the Peak District and commute in to Derby. Appreciate that’s perhaps not as exciting as London but it’s hardly a shit hole up here.
Agree on pay though. I work for a different engineering conglomerate (foreign owned) and I applied for a HPC role at RR a couple of years ago and the salary was £20k lower. The disparity would be even more now.
I’m 33, in the U.K. and my marginal tax rate is currently 66.7%, because the support you get for having children gets withdrawn between £60000 and £80000. If a promotion came up I would take it but it’s also at a point where I’m considering already dropping down to four days a week because of this. I don’t live in London so my life is very affordable. Save myself money on children’s nursery for a few years too…
Linear scaling DFT is something way more impactful than room-temperature superconductors. What's next? "Hey, I've used my FTL spaceship to verify the material at those friendly alien's library"?
The fact that there has been no Nobel prize and we didn't spend a week around the web arguing "yes, it works!", "no, didn't work for me", "yes, I verified it!" highly implies that the site is trying to say something different than what we are understanding.
Poking around the website, it seems to be owned by Dassault Systems and available for commercial licensing as part of their "Biovia Material Studio" product. PDF flyer about it here:
I'm not intimately familiar with it, just guessing this is some orbital free method that theyve refined. Nothing new, just another approximation that cant model some effects.
In the U.K. when handwriting I think dd/mm/yyyy is much more common than dd.mm.yyyy