Classify each of the following supplies as either taxable at the standard rate, taxable at the reduced

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Classify each of the following supplies as either taxable at the standard rate, taxable at the reduced rate, taxable at the zero rate or exempt:

(a) a theatre ticket

(b) a loaf of bread

(d) electricity supplied for business use

(e) a taxi ride

(f) a taxation textbook

(g) gas supplied for domestic use (h) a subscription to a professional body

(i) an insurance premium (j) a new commercial building

(k) a meal in a restaurant (l) a train ticket

(m) exports to a non-EU country (n) writing paper.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:28 AM

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Classify each of the following supplies as either taxable at the standard rate, taxable at the reduced

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The classification of goods and services for tax purposes can often vary depending on the country Hence the classifications I provide might be differe...View the full answer

Taxation Finance Act 2017

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