Page 58 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
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Example
The following items appeared on Ragdoll Boutique’s bank
statements for September:
R
Internet banking fee 73,92
Service fee (bank charges) 162,35
Transaction costs 83,90
Administration costs 14,00
Interest charged on overdraft 116,40
Interest received on positive bank balance 83,20
Cheque book – cost 18,20
Indicate which of the above amounts include VAT
and, if so, how much VAT is included.
