Partial exemption: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson m (Mend link.) |
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* [[Exempt]] | * [[Exempt]] | ||
* [[Input tax]] | * [[Input tax]] | ||
* [[Value Added Tax]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 13:47, 15 July 2021
VAT.
A situation where a trader makes both taxable and exempt supplies and consequently may not be able to recover all the input VAT.
