During the quarter to 31 December 2022, a taxable person makes the following supplies: Standard-rated supplies
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During the quarter to 31 December 2022, a taxable person makes the following supplies:
£
Standard-rated supplies (including VAT) 326,400 Zero-rated supplies 88,000 Exempt supplies 440,000 Input tax for the quarter is £118,000. Of this input tax, 35% is attributed to taxable supplies, 40% is attributed to exempt supplies and 25% is unattributed. Compute the VAT provisionally payable to or reclaimable from HMRC for the quarter.
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