Page 149 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
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Adjustments (s 18)
No Input was
claimed
0% taxable supplies ≤ 100% taxable supplies
Claim Input tax N/A if input
was denied
= lower of Cost/MV x
15/115 x
% taxable use
Lower of MV on date of change/MV on date of previous adjustment
