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WorksheetsIndirect Tax 3
Total questions: 10
Worksheet time: 1hrs 20mins
Task1: Nasheen is a VAT registered trader. Your answer is:
£262.40
£218.67
£237.40
£243.66
Task2: Action a trader should take is call HMRC?
True
False
Task3: Jasmine and her flat rate scheme. Your answer:
£1,350
£360
£270
£1,620
Task4 What will be the effect on the VAT?
Input tax will increase
Input tax will decrease
Output tax will increase
Output tax will decrease
Task5: Credit note from a supplier. Your answer is:
it will increase by £10,40 multiplied by the VAT rate
it will decrease by £10.40, which is the VAT amount on the credit note
it will stay the same because the input VAT will cancel out the output VAT
it will increase by £10.40, which is the VAT amount on the credit note
Task6: Kyra and her VAT. Your answer is:
£180.00
£162.00
£158.76
£176.40
Task7: simplified invoice?
Yes
No
Task8: Bad debt relief figure is?
£49.50
£297.00
£247.50
£356.40
Task9: The Box 1 figure is?
£11,000
£12,259
£9,741
£80,946
Task10: The box 4 answer is?
£19,350
£3,919.50
£3,820.50
£3,870.00
