FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Thomas has chosen to use the Normal Standard Scheme for VAT purposes, discuss the rules and conditions of the following other VAT schemes- - Cash

Thomas has chosen to use the Normal Standard Scheme for VAT purposes, discuss the rules and conditions of the following other VAT schemes-

- Cash Accounting Scheme

-Annual Accounting Scheme

- Flat Rate VAT Scheme

Taxation (200 words)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

=+2.12. Show that a o-field cannot be countably infinite-its cardinality must be finite or else at least that of the continuum. Show by example that a field can be countably infinite.

Answered: 1 week ago

Question

★★★★★
Jefferson Company acquired equipment on January 2, Year 1, at a cost of $10 million. The equipment has a five-year life, no residual value, and is depreciated on a straight-line basis. On January 2,...

Answered: 1 week ago

Question

★★★★★
Following are selected transactions Deshawn Company for 2010 and 2011. 2010 Dec. 13 Accepted a $14,000, 45-day, 8% note dated December 13 in granting Latisha Clark a time extension on her past-due...

Answered: 1 week ago

Question

★★★★★
A standard electric toaster and a campfire toaster differ not just in implementation, but also at the computational level because the former toasts both sides of the toast simultaneously and the...

Answered: 1 week ago

Question

★★★★★
The Finishing Department of the Maherajah Competition Water Ski Company has the following production and cost data for May 2022: 1. Transferred out: 2,155 water skis. 2. Ending work in process: 625...

Answered: 1 week ago

Question

★★★★★
Using technology, it was determined that the total sum of squares (SST) was 819.2, the sum of squares regression (SSR) was 794.19, and the sum of squares due to error (SSE) was 25.013. Calculate R2...

Answered: 1 week ago

Question

★★★★★
Net sales, net income, and total assets for Alexander Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the requirements Requirement 1. Calculate trend...

Answered: 1 week ago

Question

★★★★★
Which of the following things may NOT a customer representative do? A. Conduct business outside of his or her designated office B. Compare insurance products with clients C. Complete applications D....

Answered: 1 week ago

Question

★★★★★
Sokolsky Designs reported the following amounts on its balance sheets at December 31, 2021, 2020, and 2019: (Click the icon to view the data.) Sales and profits are high. Nevertheless, Sokolsky is...

Answered: 1 week ago

Previous Question Next Question