VAT

VAT is a tax on .........................

• Businesses
• Consumers
• Customers
• Suppliers

The VAT liability is paid to..........................

• Customers 
• Suppliers
• HMRC

How much would the VAT be on a Net figure of £150.00

• £25.00
• £15.00
• £30.00
• £180.00

What is the gross figure on an invoice for 10 TV's at £200 each

• £2,000.00

• £400.00
• £200.00
• £2,400.00

What is the VAT amount on a gross figure of £150.00

• £30.00
• £25.00
• £180.00
• £175.00

What is the Net amount on an invoice when the gross amount is £360.00

• £300.00
• £60.00
• £72.00
• £432.00

What is the Gross figure on an invoice for 20 reams of paper at £5 each if there is a 5% disc

• £5.00
• £95.00
• £114.00
• £19.00

What is the net figure on an invoice for 2 x £1500 with a 6% discount

• £2,820.00
• £180.00
• £564.00
• £3,384.00

What is the net figure on an invoice for 5 laptops at £300 each?

• £1,500.00

• £1,200.00

• £300.00

• £1,800.00

What is the net figure on an invoice for 3 x £400 with a 10% discount?

• £1,080.00

• £1,200.00

• £360.00

• £1,320.00