Page 3 - F6 Slide - VAT Part 3 - Lecture Day 5
P. 3
Can't claim VAT if not
used for making taxable
Input VAT supplies = DENIED
To extent consumed for
Claim input VAT purposes of making
taxable supply
May claim:
Input tax amount If ≥ 95%, deem 100%
x
% taxable supplies See next slide
(apportion)
Tax Can't claim
invoice as no VAT
Only claim if:
• Have necessary documentation was charged
• Purchased from a vendor (except 2 nd hand goods)
