[Solved] – Quiver Ltd is VAT-registered. During the quarter to 31 March 2018, the company made the following supplies of goods and services:
October 21, 2021 2021-10-21 17:39[Solved] – Quiver Ltd is VAT-registered. During the quarter to 31 March 2018, the company made the following supplies of goods and services:
[Solved] – Quiver Ltd is VAT-registered. During the quarter to 31 March 2018, the company made the following supplies of goods and services:
Finance Answers – Quiver Ltd is VAT-registered. During the quarter to 31 March 2018, the company made the following supplies of goods and services:
| £ | |
| Standard-rated supplies (including VAT) | 75,840 |
| Zero-rated supplies | 16,800 |
| Exempt supplies | 12,500 |
The company also suffered the following input tax during the quarter:
| £ | |
| Attributed to taxable supplies | 5,210 |
| Attributed to exempt supplies | 860 |
| Unattributed | 2,470 |
The input tax which is attributed to taxable supplies includes £1,710 in relation to the purchase of a motor car on 1 January 2018 and a further £180 in relation to the fuel used by this car during the quarter. The car has emissions of 14 3g/km and is used for both business (70%) and private (30%) motoring and the company pays all fuel costs.
Unattributed input tax includes £620 of input VAT on UK customer entertaining costs and £590 of VAT on staff entertaining costs.
Required:
Calculate the VAT liability of Quiver Ltd for the three months to 31 March 2018 and explain why this calculation is provisional.
We have already solved this question. Get your custom READY answer here – https://prolifictutors.com/place-order/
![[Solved] ENGL147N - Week 7 Assignment- Final Draft of the Argument Research Paper](https://prolifictutors.com/wp-content/uploads/2023/01/Solved-ENGL147N-Week-7-Assignment-Final-Draft-of-the-Argument-Research-Paper--240x142.png)
![[Solution] - NR305 - Week 3 Discussion: Debriefing of the Week 2 iHuman Wellness Assignment (Graded](https://prolifictutors.com/wp-content/uploads/2022/06/Best-Answer-NR305-Week-3-Discussion-Debriefing-of-the-Week-2-iHuman-Wellness-Assignment-Graded--240x142.png)
![[Best Answer] NR305 - Week 2 Discussion: Reflection on the Nurse’s Role in Health Assessment (Graded)](https://prolifictutors.com/wp-content/uploads/2022/06/Best-Answer-NR305-Week-2-Discussion-Reflection-on-the-Nurses-Role-in-Health-Assessment-Graded-240x142.png)
![[Best Answer] NR305 - Week 2 Assignment: Wellness Assessment: Luciana Gonzalez (iHuman) (Graded)](https://prolifictutors.com/wp-content/uploads/2022/06/Best-Answer-NR305-Week-2-Assignment-Wellness-Assessment-Luciana-Gonzalez-iHuman-Graded--240x142.png)
