Roger runs his own business as an interior decorator. He has just come into the hotel bar

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Roger runs his own business as an interior decorator. He has just come into the hotel bar where Kate is working:

Kate Hello. Roger How are you?

Roger Terrible. The van's been broken and I' ve just got it back from the garage. Do you know just the VAT on the bill was £1 50 so you can imagine the total bill? It's never fair that this tax should fall on us business people.

Kate Are you registered for VAT?

Roger Well I' ve only just started my business ...

Explain to Roger the principles of VAT. and whether or not he does owe Customs and Excise the £1 50.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: May 26, 2022 04:19 AM

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Roger runs his own business as an interior decorator. He has just come into the hotel bar

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ANSWER VAT is a multipoint levy of sales tax that enables the person to claim a setoff of tax that h... View the full answer

Microeconomics An Intuitive Approach with Calculus

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