Question A1 Blinite Ltd is a VAT registered trader. During the return period the following income and expenses were recorded Sales to customers amounting to 97,000 (excluding VAT) with an early payment offer of 3.5% if paid within one month. 70% of the customers did take up this offer. The sale of plant and machinery for 23,000 (excluding VAT). The company also purchased inventories of 63,000 (including VAT) and a car for the Sales Director for 37,000 (including VAT) The company also leased a high emission car for the Chief Executive for 1500 per month (including VAT) Required: What is the total VAT due to or from HMRC at the end of the quarter? (8 marks) :3 of 15 Words: 16/1,941 EC 62% DI a Question A1 Blinite Ltd is a VAT registered trader. During the return period the following income and expenses were recorded Sales to customers amounting to 97,000 (excluding VAT) with an early payment offer of 3.5% if paid within one month. 70% of the customers did take up this offer. The sale of plant and machinery for 23,000 (excluding VAT). The company also purchased inventories of 63,000 (including VAT) and a car for the Sales Director for 37,000 (including VAT) The company also leased a high emission car for the Chief Executive for 1500 per month (including VAT) Required: What is the total VAT due to or from HMRC at the end of the quarter? (8 marks) :3 of 15 Words: 16/1,941 EC 62% DI a