In June 2017 , a standard-rated supply is made at a price of 4,000, plus VAT. The

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In June 2017 , a standard-rated supply is made at a price of £4,000, plus VAT. The customer is offered a 3% discount if payment is made within 30 days. Calculate the value of the supply and the VAT charged on the supply if the customer:

(a) pays within 30 days

(b) does not pay within 30 days.

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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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In June 2017 , a standard-rated supply is made at a price of 4,000, plus VAT. The

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a If the customer pays within 30 days t he value of the s...View the full answer

Taxation Finance Act 2017

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