Page 38 - F6 Slide - VAT Part 2 - Lecture Day 5
P. 38
Example
The Needy Association, an association not for gain,
received second-hand clothes and glasses as
donations from members of the public. The Needy
Association sells the clothes to the public for R10 a
piece and engraved the Association’s name on the
glasses prior to selling them to the public for R5 a
glass.
Determine the output VAT consequences of
the above.
