WorksheetsVAT
Total questions: 11
Worksheet time: 8mins
Name
Class
Date
1.
VAT is a tax on .........................
a)
Businesses
b)
Consumers
c)
Customers
d)
Suppliers
2.
The VAT liability is paid to..........................
a)
Customers
b)
Suppliers
c)
HMRC
3.
How much would the VAT be on a Net figure of £150.00
a)
£25.00
b)
£15.00
c)
£30.00
d)
£180.00
4.
What is the gross figure on an invoice for 10 TV's at £200 each
a)
£2,000.00
b)
£400.00
c)
£200.00
d)
£2,400.00
5.
What is the VAT amount on a gross figure of £150.00
a)
£30.00
b)
£25.00
c)
£180.00
d)
£175.00
6.
What is the Net amount on an invoice when the gross amount is £360.00
a)
£300.00
b)
£60.00
c)
£72.00
d)
£432.00
7.
What is the Gross figure on an invoice for 20 reams of paper at £5 each if there is a 5% disc
a)
£5.00
b)
£95.00
c)
£114.00
d)
£19.00
8.
What is the net figure on an invoice for 2 x £1500 with a 6% discount
a)
£2,820.00
b)
£180.00
c)
£564.00
d)
£3,384.00
9.
What is the net figure on an invoice for 5 laptops at £300 each?
a)
£1,500.00
b)
£1,200.00
c)
£300.00
d)
£1,800.00
10.
What is the net figure on an invoice for 3 x £400 with a 10% discount?
a)
£1,080.00
b)
£1,200.00
c)
£360.00
d)
£1,320.00
11.
How much would the VAT be on a net figure of £200.00?
a)
£40.00
b)
£20.00
c)
£160.00
d)
£220.00
100 %
