Indirect Tax (Finance Act 2019) Test Two
Q1 of 15
Complete the following sentences by selecting the appropriate option from the drop down menu.
(a) A business supplies both VAT exempt services and standard rated services
and purchases standard rated goods. This business can claim
of the input VAT.
(b) A business supplies zero-rated goods exclusively to customers located in the
EU and purchases standard rated goods from suppliers in the UK. This
register for VAT.