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B) Samo is a trader who purchases inventory at a cost of 60,500 (inc. VAT) and incurs the expense of 4,000 (Inc. VAT) and sells
B) Samo is a trader who purchases inventory at a cost of 60,500 (inc. VAT) and incurs the expense of 4,000 (Inc. VAT) and sells the inventory for 85,000 (Excl. VAT).
Required:
- If it standard rate is 20%. How will much the trader pay to HMRC or HMRC will pay for him?
- If it Zero rate (0%). How much the trader will pay for HMRC or HMRC will pay to Samo ?
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Gas And Mileage Log Book
Authors: TopStoxx Publishing
1st Edition
B08DDM8FVC, 979-8668873487
