Page 22 - F6 Slide - VAT Part 3 - Lecture Day 5
P. 22
Second-hand Goods Exported
Zero rating N/A if notional input was claimed
by vendor/connected person of the vendor
Value of supply purchase price of supplier
Greater of purchase price to
If supplier purchased vendor/connected person
goods from
connected person
who claimed deemed Zero-rating only
input applies to mark-up
