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this is a qtn from kaplan
the following are vat inclusive costs of this in quarter are as follows:
uk customers-250
uk suppliers-100
overseas customer-775
overseas supplier-650
how much input vat is claimable?another doubt is for impairment relief we check 6 months from invoice date or payment due date when both r given in qtn?
another qtn of vat, when the supplier is supplying is zero rated goods, shld he issue an invoice? like the rate charged is still 0% right, so shld we issue?
this is a qtn from kaplan
the following are vat inclusive costs of this in quarter are as follows:
uk customers-250
uk suppliers-100
overseas customer-775
overseas supplier-650
how much input vat is claimable?I am going to assume that the costs relate to entertaining – could you please be clearer in future questions?
Input VAT can be reclaimed on entertaining cost which relate to staff and overseas customers/suppliers.
another doubt is for impairment relief we check 6 months from invoice date or payment due date when both r given in qtn?
Six months from the later of the payment due date or the supply date.
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