VAT IN IRELAND 23%

Part C Ciara has the following for her September/October 2020 transactions for VAT: Invoices issued to customers in this period total 110,400 including VAT at the standard rate Lodgements 142,403, which include zero rated sales of 19,000 as well as a revenue VAT refund for the prior period of 10,220. The remainder of sales are at the standard rate Purchases for resale at the standard rate were 86,800 (VAT inclusive). Included in this are goods to the value of 3,999 (VAT inclusive) taken out of the business for personal use Purchases not for resale were 33,290 at the standard rate of VAT (VAT inclusive) Purchases not for resale at the reduced rate (13.5%) were 11,450 (VAT inclusive) Exempt purchases were 18,000 Notes: Petrol totalling 3,674 (VAT inclusive) is included in the above purchases not for resale at the standard rate The standard rate purchases not for resale include an invoice that was entered as 63,640 instead of 4,010 (both vat exclusive amounts) Calculate the VAT return for Ciara for September/October on a cash receipts basis 2020 12 marks Part C Ciara has the following for her September/October 2020 transactions for VAT: Invoices issued to customers in this period total 110,400 including VAT at the standard rate Lodgements 142,403, which include zero rated sales of 19,000 as well as a revenue VAT refund for the prior period of 10,220. The remainder of sales are at the standard rate Purchases for resale at the standard rate were 86,800 (VAT inclusive). Included in this are goods to the value of 3,999 (VAT inclusive) taken out of the business for personal use Purchases not for resale were 33,290 at the standard rate of VAT (VAT inclusive) Purchases not for resale at the reduced rate (13.5%) were 11,450 (VAT inclusive) Exempt purchases were 18,000 Notes: Petrol totalling 3,674 (VAT inclusive) is included in the above purchases not for resale at the standard rate The standard rate purchases not for resale include an invoice that was entered as 63,640 instead of 4,010 (both vat exclusive amounts) Calculate the VAT return for Ciara for September/October on a cash receipts basis 2020 12 marks