Mr. Black is a furniture manufacturer. For his daughter’s wedding, he gives her various furniture that he has manufactured. The cost of raw materials, supplies, and other items may be estimated at $1,000. The cost of labor may be estimated at $1,000. Mr. Black would sell this furniture to a wholesaler for $2,400 (including $400 profit). The wholesaler’s price to the retailer would be $2,800, and the retailer’s price to the consumer would be $3,300. Under the Sixth Directive or the New Vatopia VAT, is VAT chargeable on the gift made by Mr. Black? If you think that it is taxable, what is the taxable amount?