*30.5 During the quarter to 31 March 2010, a taxable person makes the following supplies: Standard-rated...

Question:

*30.5 During the quarter to 31 March 2010, a taxable person makes the following supplies:

£

Standard-rated supplies (including VAT) 319,600 Zero-rated supplies 88,000 Exempt supplies 440,000 Input tax for the quarter is £118,000, attributed as follows:

%

Attributed to taxable supplies 35 Attributed to exempt supplies 40 Unattributed 25 Compute the VAT provisionally payable to or reclaimable from HMRC for the quarter.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

Question Posted: