i need the answer quickly Mr Alex bought a fishing boat 20m, on 1 June 2021 for R350 000 including VAT. Every weekend he wouldtake 10 employees for the fishing at no charge. A market related cost for the fishing trip is R1250 (includingVAT) per person. Discuss the VAT implications for 2022. A. Input tax can be claimed on the purchase of theboat and the trips to the employees B. Input tax can be claimed at R1 $250 \times 10 \times 15/115$ C.Free trips are a supply of entertainment and it has no input tax implication D. Output tax can be claimed onthe purchase of the boat

Value Added Tax (VAT) is a type of consumption tax imposed on goods and services at every stage of…

Answered: .Discuss the VAT implications for 2022.…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter5: Business Deductions

Section: Chapter Questions

Problem 45P

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.Discuss the VAT implications for 2022. A