Value Added Tax - VAT (part 1) - ACCA Taxation (FA 2022) TX-UK lectures
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Thanks For the free lectures. Great help!
For voluntary registration example where did you get 120 and 100 from ???
@indigoclubhouse9124
9 ай бұрын
Hi mate, to answer your question at the moment the business has received 87,000, because they have to register for VAT, 20% of that 87,000 is now VAT which needs to be paid to HMRC. Therefore assuming 87,000 is the gross VAT, 72,500 will be the net amount
@thetranquilplace8184
9 ай бұрын
@@indigoclubhouse9124 Thank you 🙏🏾