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You are provided with the following information relating to NorthEast Manufacturers for the VAT period ended 30 April 2020. The standard VAT rate is 15%.
You are provided with the following information relating to NorthEast Manufacturers for the VAT period ended 30 April 2020. The standard VAT rate is 15%. All parties involved are VAT vendors. Transactions for the two- No. month period VAT amount Excluding VAT Including VAT Example Services rendered R1 000 R150 R1 150 1. Insurance premiums R750 (a) (b) 2. Bought a double-cab bakkie (c) (d) R180 000 3. Rates and taxes bill R450 ( 4. Telephone account ( R150 (h) 5. Brown bread for staff lunches R200 0 9 6. Stationery 0 R5 980 (e) (k) Required: Calculate the relevant amounts (a) to in the table above. Round off to TWO decimals
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