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Question 2c i note 2
Tax rates
Tax rates 2013
(c) Note that in answering this part of the question, you are not expected to take account of any of the information provided in parts (a) and (b) above unless otherwise indicated.
The following information is available in respect of Greenzone Ltd’s value added tax (VAT) for the quarter ended 31 March 2013:
(2) In addition to the above, Greenzone Ltd also charged output VAT of £4,330 on sales to Are Ltd and Can Ltd (see part (b) above). These two companies and Greenzone Ltd are not currently registered as a group for VAT purposes.
Required:
(i) Calculate the amount of value added tax (VAT) payable by Greenzone Ltd for the quarter ended 31 March 2013;