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The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
vat exclusive
no. because when customer is notpaing vat only he have vat exwmption only/
If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75
Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
The difference between e-vat and vat is the time in which they take effect. The vat takes effect when a sale is made, and the e-vat takes effect when the sale is finalized. To know more about the VAT or VAT consultancy services please visit Proactive Consultancy Group - TPCGUK or you can call us at +44 207 193 7072
What is the purpose of vat
The temperature of the noodle vat needs to be higher than the sauce vat. The noodle vat needs to boil so that the noodles will cook. The sauce vat does not have to be boiled to be fully cooked.