Compete the following table in your answer booklet, for each consideration acquired by the business indicate with a cross (X) the VAT supply category, assuming that all parties dealt with are registered VAT vendors, and that the VAT Act has been adhered to in all instances. Non- Standard Zero-rated Exempt Item allowable rated supply supply supply item E.g. Brown bread Club fees and subscriptions Petrol Office equipment Electricity portion of rates and taxes bill Rent a dwelling for use as a private residence
Compete the following table in your answer booklet, for each consideration acquired by the business indicate with a cross (X) the VAT supply category, assuming that all parties dealt with are registered VAT vendors, and that the VAT Act has been adhered to in all instances. Non- Standard Zero-rated Exempt Item allowable rated supply supply supply item E.g. Brown bread Club fees and subscriptions Petrol Office equipment Electricity portion of rates and taxes bill Rent a dwelling for use as a private residence
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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