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VAT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT

  • This topic has 5 replies, 3 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • April 16, 2020 at 2:59 pm #568458
    pinkyjovin123
    Participant
    • Topics: 92
    • Replies: 134
    • ☆☆☆

    In Bpp q no296:)

    How can we say that it can be registered from 1st December 2018
    and also the taxable supplies exceeded from 31st October 2018 and from where do we get the figures *4 and *3 in (10500*4 and 15000*3)?

    Many thanks

    April 17, 2020 at 11:52 am #568520
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Sorry but once again you are going to have to give me the information from both Q&A if I am going to be able to help

    April 17, 2020 at 3:20 pm #568613
    pinkyjovin123
    Participant
    • Topics: 92
    • Replies: 134
    • ☆☆☆

    Hi it’s December 2013

    April 18, 2020 at 12:14 pm #568652
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The old exam questions and answers have been updated for changes in legislation – you need to copy the question and part of the answer that you want explained from your current FA 2019 BPP material if I’m to be able to help you.

    April 24, 2020 at 9:38 am #569123
    kimbeckett1
    Member
    • Topics: 5
    • Replies: 7
    • ☆

    Dear Sir,

    Could you please advise, does gift card voucher will be will be treat as supplier VAT? as it will be exchanged to goods or services.So therefore VAT claimable on VAT return. Thank you

    April 27, 2020 at 10:15 am #569337
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    I do not think that a gift card is a taxable supply – the taxable supply will take place when the gift card is used to buy something – it’s at that point that the supplier makes a taxable supply

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