During the quarter to 31 December 2020, Nancy makes supplies as follows: Compute the VAT provisionally payable
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During the quarter to 31 December 2020, Nancy makes supplies as follows:
Compute the VAT provisionally payable to HMRC for the quarter.
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Standard-rated supplies (excluding VAT) Zero-rated supplies Exempt supplies She suffers input tax as follows: Attributed to taxable supplies Attributed to exempt supplies Unattributed 120,000 80,000 50,000 7,500 8,500 12,000
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Output tax Standardrated supplies 120000 20 Zerorated supplies 80000 0 Input t...View the full answer
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