Rosemary owns a business which has an annual turnover (excluding any VAT) of 90,000. Describe her VAT
Question:
Rosemary owns a business which has an annual turnover (excluding any VAT) of £90,000. Describe her VAT position if:
(a) She makes wholly exempt supplies.
(b) She makes wholly standard-rated supplies.
(c) She makes wholly zero-rated supplies.
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a She is not a taxable person cannot register for VAT and cannot reclaim input tax b She is a ta...View the full answer
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I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
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