VAT Tax Explained
*This is a new remake of our VAT Masterclass*
In this video Senior Tax Lecturer Neil Da Costa covers everything you need to know about the basics of VAT -- how it is calculated, the different rates of VAT, what it applies to and how it is accounted for, all complete with example questions.
This video is relevant to ACCA F6, P6 papers.
MORE ACCA REVISION
• ACCA Revision
00:00 - 00:36 Intro
00:36 - 10:02 What is VAT?
10:02 - 20:36 Compulsory Registration
20:36 - 27:52 Voluntary VAT Registration
27:52 - 36:30 Pre-Registration Input
36:30 - 38:03 Outro
Пікірлер: 9
Thank you Neil.
Nice clear explanations. Thank you.
Thanks Neil
best video on vat . must watch . it was soo good and covered all aspects !!!!!!
Thanks sir
1) Which address should we add in - A ship from address? 2) Why and when should we use SPD?
@KaplanUK-EN
2 жыл бұрын
Hi Shaik, please see the answers to your questions below! 1. The address of the business is usually the place where the sale originates. It is acceptable to use the place of shipping as well. 2. I assume you are talking about selling taxable and exempt supplies. Taxable supplies are subject to VAT while exempt supplies are not subject to VAT. The distinction is important as input VAT on purchases relating to taxable supplies can be claimed back while input VAT on purchases relating to exempt supplies can only be claimed back if the de minimum test is satisfied.
how can see all f6 video
We applied for VAT, after 30days we got a questionnaire, 3 days ago we filled the questionnaire, now the question is when will we get the VAT Number, Kindly help