Jasper Ltd is a retailer and has the following transactions in the quarter ended 31 March 2022: Supplies made (excluding VAT) 

How much input tax can Jasper Ltd recover for the quarter ended 31 March 2022?  

 

 

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- Standard rated - Zero rated - Exempt Input Tax paid, attributable to: - Standard rated supplies - Zero rated supplies - Exempt supplies - Unattributable £345,000 £56,000 £124,000 £31,000 £9,000 £20,000 £12,000 - Standard rated - Zero rated - Exempt Input Tax paid, attributable to: - Standard rated supplies - Zero rated supplies - Exempt supplies - Unattributable £345,000 £56,000 £124,000 £31,000 £9,000 £20,000 £12,000

Answer rating: 100% (QA)

Okay lets calculate this stepbystep Supplies made excluding VAT Standard rated 345000 Zero rat... View the full answer