Explain the difference for VAT purposes between a warranty of a products performance and insurance covering the
Question:
Explain the difference for VAT purposes between a warranty of a product’s performance and insurance covering the product’s loss by fire or theft.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
For VAT Value Added Tax purposes there is a significant difference between a warranty of a products performance and insurance covering the products lo...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
Question Posted:
Students also viewed these Business questions
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The unaudited income statement for Lomas & Sons Limited for its year ended December 31, 2012 shows the following: The information in the following notes has already been reflected in the above income...
-
What is the importance of developing plans to achieve organizational goals? explain with examples
-
1. Arrow up or down: A tax on soft drinks will ______the marginal bang per buck on soft drinks and ______the consumption of goods for which the is now higher. 2. Arrow up or down: The selling of...
-
PROJECT RISK ANALYSIS The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each costs $6,750 and has an expected life of 3 years. Annual project cash flows begin 1...
-
PROBLEM 221 Plantwide Versus Multiple Predetermined Overhead Rates LO21, LO22 Mason Company has two manufacturing departmentsMachining and Assembly. The company considers all of its manufacturing...
-
The notes to a recent annual report from Weebok Corporation included the following: Business Acquisitions During the current year, the Company acquired the assets of Sport Shoes, Inc . . . Assume...
-
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room...
-
A popular argument against sales and excise taxes is that they are not progressive as to income, that is, they are not based on the taxpayers ability to pay. Can sales and excise taxes be made...
-
James is a friend of either Ellen or Connie. (Fxy: x is a friend of y) Translate the following statements into symbolic form.
-
Repeat Questions 1 and 2 assuming that all three states are equally likely.
-
4. (7%) Problem 4: Consider a 570 nm light falling on a single slit of width 1.1 m. Randomized Variables =570 nm w=1.1 um Forbes, David david.forbes@doane.edu @theexpertta.com - tracking id:...
-
(b) The following results are obtained in a double-slit experiment using light from a helium-neon gas laser: Width of 15 fringes = 3.0 cm Separation of slits = 1.5 mm Slit-to-screen distance = 2.5 m...
-
Read the mini-case, Ben and Jerry's Corporate Activism, and answer the following question: What are the pros and cons of Ben and Jerry's political activism when compared to other corporate political...
-
TOPIC : PROBLEMATIZATION - SECOND CURVE THINKING 1. What is second curve thinking?( a More in depth explanation ) 2. What are the implicit assumptions of second curve thinking? ( a More in depth...
-
I think the Power Distance measure in Hofstede's model (Hofstede Insights, n.d.) is particularly interesting.I led divisions in the U.S., New Zealand, and Thailand.Those three countries represented a...
-
Merkt Merchandise planned to produce 40,000 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $520,000. The company actually spent $534,000...
-
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
-
List five brand names and indicate what product is associated with the brand name. Evaluate the strengths and weaknesses of the brand name.
-
Explain family brands. Should Best Buy carry its own dealer brands to compete with some of the popular manufacturer brands it carries? Explain your reasons.
-
In the past, Sears emphasized its own dealer brands. Now it is carrying more well-known manufacturer brands. What are the benefits to Sears of carrying more manufacturer brands?
-
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
-
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
-
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...
Study smarter with the SolutionInn App