(a) On 1 August 2020, a standard-rated supply is made with a value of 180. Calculate the...

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(a) On 1 August 2020, a standard-rated supply is made with a value of £180. Calculate the VAT charged and the consideration for the supply.

(b) On 2 January 2021, a standard-rated supply is made for a consideration of £1,776. Calculate the VAT element and the value of the supply.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 16, 2024 03:00 AM

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(a) On 1 August 2020, a standard-rated supply is made with a value of 180. Calculate the...

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a The VAT charged is 3600 18...View the full answer

Taxation Finance Act 2020

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