Specimen exam

Q30 Section B

The following information is available in respect of Glacier Ltd’s value added tax (VAT) for the quarter ended 31 March 2025:

(1) Invoices were issued for sales of £44,600 to VAT registered customers.

Of this figure, £35,200 was in respect of exempt sales and the balance in respect of standard rated sales.

The standard rated sales figure is exclusive of VAT.

(2) In addition to the above, on 1 March 2025 Glacier Ltd issued a VAT invoice for £8,000 plus VAT of £1,600 to a VAT registered customer in respect of a contract that will be completed on 15 April 2025.

The customer paid for the contract in two instalments of £4,800 on 31 March 2025 and 30 April 2025.

(3) The managing director of Glacier Ltd is provided with free fuel for private mileage driven in her company motor car.

During the quarter ended 31 March 2025, the total cost of fuel for business and private mileage was £720, of which £270 was for private mileage.

The relevant quarterly scale charge is £408. All of these figures are inclusive of VAT.

Glacier Ltd will be required to issue a VAT invoice in certain circumstances.

Complete the following sentence by matching one of the 'types of supply' and one of the 'types of customer' into each target area.

Glacier Ltd will be required to issue a VAT invoice when   is made to  

Drag and drop the tokens into the correct boxes.
Types of supply
a standard rated supply
any type of supply
Types of customer
a VAT registered customer
any customer

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