Page 93 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 93

Second-hand goods exported














            Zero rating N/A if notional input was claimed

             by vendor/connected person of the vendor










           Value of supply                                                     purchase price of supplier








                                                                          Greater of purchase price to
             If supplier purchased                                        vendor/connected person


                      goods from

                connected person

             who claimed deemed                                                                       Zero-rating only


                            input                                                                   applies to mark-up
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