Page 64 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 64
Output tax: Exempt supplies (s 12)
l Commercial accommodation
Accommodation & domestic
goods/services supplied ≤ 28 days =
Value of supply FULL VALUE
Accommodation & domestic
goods/services supplied @ all-inclusive
rate for unbroken period of > 28 days =
60% OF ALL-INCLUSIVE CHARGE
Where separate prices are charged for accommodation and other
services VAT levied @ 100% for other services and 60% for
accommodation
Domestic goods/services: example - cleaning and
maintenance, meals, laundry, furniture, television set etc.
