Indirect tax 1

Indirect tax 1

11th Grade - University

46 Qs

quiz-placeholder

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Indirect tax 1

Indirect tax 1

Assessment

Quiz

Professional Development, Other Sciences

11th Grade - University

Medium

Used 24+ times

FREE Resource

46 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxable person is
HMRC
Customer
Client
Business which is registered for VAT

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

VAT is
direct tax
indirect tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business which supply only zero-rated goods
can register for vat
cannot register for vat

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business which supply only exempt goods
can register for vat
cannot register for vat

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business which supply only zero-rated goods
can reclaim input tax
cannot reclaim input tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reduced rate of vat is
0%
5%
15%
20%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Standard rate of vat is
5%
10%
20%
100%

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