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VAT (Output VAT and Input VAT)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT (Output VAT and Input VAT)

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by Tax Tutor.
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  • July 11, 2021 at 6:05 pm #627470
    Anonymous
    • Topics: 9
    • Replies: 48
    • ☆☆

    VinnieSellick says

    May 29, 2021 at 4:11 pm

    Hi,
    Please correct me if I’m wrong but I believe the answer to example 4 in 25.4 is incorrect:
    7032+400+3525= 10,957 not the 10,937 shown in the answer. Therefore should the answer be £12,443 payable?
    Thanks,
    Vinnie

    July 15, 2021 at 11:44 am #627834
    Tax Tutor
    • Topics: 2
    • Replies: 3929
    • ☆☆☆☆☆

    Thanks for letting me know – yes it’s an updating error and clearly the addition is wrong and will be changed in the online version

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