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VAT quiz

Total questions: 13

Worksheet time: 4mins

Name
Class
Date
1.

VAT is a tax charged on:

a)

Wealth

b)

Income

c)

Profit

d)

Consumption

2.

A category C vendor has a tax period of:

a)

2 months ending on odd months

b)

2 months ending on even months

c)

1 month ending every month

d)

6 months ending on 28 February and 31 August

3.

Bank charges are what type of supply?

a)

Standard rated

b)

Zero rated

c)

Exempt

d)

Not a supply

4.

Interest charged on a credit card to a local resident is what type of supply?

a)

Standard rated

b)

Zero rated

c)

Exempt

d)

Not a supply

5.

Interest charged on a loan by Standard Bank to a non-resident (living in Australia) is what type of supply?

a)

Standard rated

b)

Zero rated

c)

Exempt

d)

Not a supply

6.

Input tax on the purchase of a motorbike by a vendor (making taxable supplies) would be denied:

a)

True

b)

False

7.

Input tax on the purchase of a truck (delivery vehicle) by a vendor (making taxable supplies) would be denied:

a)

True

b)

False

8.

Input tax on the purchase of a double cab light delivery vehicle (double cab 'bakkie') by a vendor (making taxable supplies) would be denied:

a)

True

b)

False

9.

Input tax on the purchase of a taxi (15 seater vehicle) by a business transporting passengers within Pretoria would be denied:

a)

True

b)

False

10.

Input tax on the purchase of a ambulance by a vendor (making taxable supplies) would be denied:

a)

True

b)

False

11.

Rental charged on the letting of a office building is what type of supply?

a)

Standard rated supply

b)

Zero rated supply

c)

Exempt supply

d)

Not a supply

12.

Rental charged on the letting of an apartment / flat for someone to live in is what type of supply?

a)

Standard rated supply

b)

Zero rated supply

c)

Exempt supply

d)

Not a supply

13.

Rental charged on the letting of a hotel room for 5 nights is what type of supply?

a)

Standard rated supply

b)

Zero rated supply

c)

Exempt supply

d)

Not a supply