During the quarter to 31 December 2017, a taxable person makes the following supplies: Standard-rated supplies (including
Question:
During the quarter to 31 December 2017, a taxable person makes the following supplies:
Transcribed Image Text:
Standard-rated supplies (including VAT) Zero-rated supplies Exempt supplies Input tax for the quarter is 118,000, attributed as follows: 326,400 88,000 440,000 % 35 Attributed to taxable supplies Attributed to exempt supplies Unattributed 40 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:
Answer rating: 0% (1 review)
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
During the quarter to 31 December 2021, a taxable person makes the following supplies: Input tax for the quarter is 118,000. Of this input tax, 35% is attributed to taxable supplies, 40% is...
-
(a) During the quarter to 31 August 2017 , Justin makes taxable supplies of 30,000 and exempt supplies of 20,000. Input tax incurred is 1,500. Does he pass either of the two simplified de minimis...
-
During the quarter to 31 December 2020, a taxable person Standard-rated supplies (including VAT) Zero-rated supplies Exempt supplies Input tax for the quarter is 118,000. Of this input tax, 35% is...
-
A company that makes cola drinks states that the mean caffeine content per 12-ounce bottle of cola is 50 milligrams. You want to test this claim. During your tests, you find that a random sample of...
-
Why do veterans have more Multiples Sclerosis?
-
Why does the operation of a solid waste landfill create significant reporting concerns for many local governments?
-
In humans, cells undergo meiosis to produce sperm and eggs. What kinds of cells are produced by meiosis in mosses?
-
Lock Tight, Inc., produces outside doors for installation on homes. The following information was gathered to prepare budgets for the upcoming year beginning January 1: Sales forecast in units . . ....
-
Compare Google and Meta's Financial statements.Who do you think is a better investment and why? Discuss the consistency of Google's profitability over the past 5 years. Using a decision model,...
-
Sebastian is self-employed. He drives a ca r with an emission rating of 19 8 g/km and he charges the cost of all the petrol used to his business bank account . In the quarter to 31 July 2017 , he...
-
The following information relates to the VAT return of Toucan Ltd for the three months to 30 November 2017. All figures are VAT-exclusive unless stated otherwise. (i) Standard-rated supplies made to...
-
If x represents a number, write an English sentence about the number that results in an inconsistent equation.
-
1. Why the HTTP server and HTTP protocol is called it is stateless protocol? Explain and provide an example. [5 points] orf Dast
-
a) Describe why Determinism and Real-time are the fundamental requirement for the industrial communication networks? Explain how the Minimum cycle time (MCT) and Jitter impact the performance of...
-
Question 1b: Why is inbound traffic engineering even harder than outbound traffic engineering in BGP?
-
1. what data analytics is, why we need data analytics, how it develops very fast recently? 2. Providing one example of using data to make big decisions. The decision-maker can be an organization, a...
-
Why is there this error in the code? Using MATLAB gn=3 sn=17 I =(gn*60)+(sn*2) A = 250/(I + 100) T = 1/(5*I) a0 =(A/2) number_of_points = 100 step_size = T/number_of_points t = 0:step_size:T f = a0...
-
What is the measured component of the orbital magnetic dipole moment of an electron with the values (a) m = 3 and (b) m = 4?
-
Sheldon and Leonard had a million-dollar idea. In order to make it happen, they have to do special research first. Only Kripke can help them in this matter. But Kripke is known to be the first-class...
-
Parrison Ltd is a manufacturing company. The company's inventory at 30 June 2023 includes the following items of work in progress: The company complies with IAS2 Inventories. (a) Define the term...
-
The main activity of J&T Ltd is to buy old vehicles which are sold after converting them into a saleable condition. At 29 February 2024 (the end of the companys financial year) J&T Ltd had the...
-
The main aim of standard IFRS16 Leases is to ensure that a lessee's financial statements provide a faithful representation of the lessee's financial position. (a) Outline the way in which IFRS16...
-
A copper container of mass 0.080 kg and specific heat 387 Jkg 1K-1 contains 0.30 kg of water and 0.040 kg of ice at 0C. Steam at 100C is passed into the water and its temperature stabilizes at 20.0C....
-
Your portfolio consists of $50,000 invested in Stock X and $50,000 invested in Stock Y. Both stocks have an expected return of 15% betas of 1.6, and standard deviations of 30%. The returns of the two...
-
The case is about TikTok, a short-format video hosting service owned by Chinese internet technology company ByteDance (ByteDance), and Its success story in the global markets. TikTok was launched in...
Study smarter with the SolutionInn App