Question 1dii
Your manager has received a letter from Jodie in connection with her proposed emigration from the UK. Extracts from the letter and from an email from your manager are set out below.
Extract from an email from your manager
Additional information
Jodie's business has always been registered for the purposes of value added tax (VAT). The sales proceeds in respect of the business assets are stated net of VAT.
Please prepare paragraphs for inclusion in a letter from me to Jodie addressing the following issues.
(d) Other matters
Explain the matters which Jodie should be aware of in relation to VAT in respect of the cessation of her business. I have already checked that Jodie charged the correct amount of VAT when she sold the business premises and the computer equipment.
Tax manager
Required: Prepare the paragraphs for inclusion in a letter from your manager to Jodie as requested in the email from your manager. The following marks are available:
(d) Other matters. (5 marks)