Eplain how jason will deal with the vat implications of


Jason is a sole trader who has recently registered for value added tax (VAT). He buys and sells goods and services to other businesses in the European Union (EU) and outside the EU.

Required

(a) State how supplies of goods made by Jason to a VAT registered trader in another EU state will be treated for VAT.

(b) Explain how Jason will deal with the VAT implications of buying goods from a VAT registered trader in another EU state. State the tax point for acquisitions of goods in the UK from other VAT registered businesses in the EU.

(c) Explain how Jason will deal with the VAT implications of importing goods from outside the EU. You may assume that Jason is not a regular importer of goods from outside the EU.

State how the supply of services by Jason outside the EU will be dealt with for VAT

Solution Preview :

Prepared by a verified Expert
Cost Accounting: Eplain how jason will deal with the vat implications of
Reference No:- TGS0826759

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)