A trader registered for VAT but dealing in products zero rated for VAT acquired a vehicle, computers
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A trader registered for VAT but dealing in products zero rated for VAT acquired a vehicle, computers for office use and furniture for £47,000, £7,990 and £15,040 respectively. These prices are all inclusive of VAT at 17.5%. How much VAT refund can he expect to receive in respect of these transactions?
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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