Page 33 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2
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13. . Output tax: Non-supplies [s 8(14)] – KL3
- Norm: if goods/services supplied in course of enterprise,
must charge output VAT
- Exception: if goods supplied on which input tax was denied,
do not have to charge output VAT [s 8(14)(b)]
• e.g. goods obtained for entertainment or car
• Also if goods/services obtained wholly to make exempt
supplies and later sold, then no output.
• Car later converted into game-viewing vehicle or hearse ?
[s 8(14)(b) & s 18(9)] – also see 32.28.
