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Q: Why are some items exempt from vat?
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Related questions

Do you pay vat if the customer is vat exempt?

no. because when customer is notpaing vat only he have vat exwmption only/


What is VAT inc?

Value Added Tax Included (in the overall price) Most businesses are exempt from VAT so sometimes the price is given Excluding VAT. VAT is currently 15%


Is Road Tax VAT exempt?

VAT only applies to the purchase of products or services, it does not apply to the payment of other taxes.


Is Mallorca a vat exempt country or not?

Mallorca is an autonomous province of Spain; Spain is inside European Union.Countries of EU are exmpt of VAT.


Is maize VAT exempt in South Africa?

yes as it is a primary food stuff


Differentiate between input VAT and output VAT?

Input VAT is the tax imposed on purchase whereas Output VAT is the tax charged on selling items


Is VAT fixed?

The rate of VAT, and on which items and goods it is to be levied on, is decided by the Chancellor of the Exchequer and the Government.


What items are exempt in Pennsylvania?

fabric


What goods are exempt from VAT in the UK?

Children's clothes and food from shops but not food from restaurants, cafes etc.


What is vat in tally?

VAT is Value Added Tax (Sales Tax in the USA). The term is used in the UK more than anywhere and is a sales tax on items and services. The current VAT in the UK is 20% across most items/services. There are anomalies where certain foods are VAT free.


How do you minus vat?

Work out 17.5% (current vat rate 2010) of the items price then minus the answer from the original price of the item


What are exempt goods in South Africa?

Fresh unprocessed fruit and vegetables, fresh unprocessed meat, bread and a few other fresh produce items are exempt from value added tax. The purpose of the exemption is to assist the poorest of the poor, who cannot afford the tax.