VAT Quiz On Buying And Selling Goods In The UK, Eu And Overseas
9 Questions
| Total Attempts: 70
.
Questions and Answers
- 1.Explain the process of how a UK VAT registered trader must account for VAT on goods bought from a VAT registered EU trader
- 2.When a UK business sells goods to another EU business this is called a
- 3.A UK business which sells goods to a non-EU business has made an
- 4.When a UK VAT registered business sells goods to a EU VAT registered business, it must charge VAT at
- 5.When a non-VAT registered UK trader sells goods to a EU VAT registered trader it must charge VAT
- A.
True
- B.
False
- 6.When a UK Business sells goods to a non-EU country it must charge
- A.
20% VAT
- B.
5% VAT
- C.
0% VAT
- D.
These are exempt sales
- 7.When a UK VAT registered trader sells goods to a non-VAT registered EU trader it should not charge VAT
- A.
True
- B.
False
- 8.When a UK VAT registered trader buys goods from a non-EU trader, the non-EU trader charges VAT
- A.
True
- B.
False
- 9.When a UK VAT registered trader buys goods from a EU non-registered trader they should add the appropriate rate of UK VAT to the cost of the purchase
- A.
True
- B.
False
Are you a business person or a working professional? For any profession, an individual must be aware of professionalism and ethics. With this quiz, check your knowledge on the same, and make your way to success. All the best...
Questions: 25 | Attempts: 33991 | Last updated: Nov 7, 2021
-
Sample QuestionWhich of the following is NOT a characteristic of professionalism:
Do you have a passion to start your own successful online business but need some helping figuring which business is right for you? Then you've stumbled upon the right quiz! Take this quiz to get find out what type of online...
Questions: 7 | Attempts: 21100 | Last updated: Nov 20, 2020
-
Sample QuestionWhat are you passionate about? In other words, what do you spend most of your time doing?
Welcome to the Introduction to Business MCQ Quiz. This test is developed to test your fundamental knowledge about business concepts and principles. If you are into business studies I think you'd like to test your basic...
Questions: 22 | Attempts: 21715 | Last updated: Oct 6, 2021
-
Sample QuestionA person who risks both time and money to start and manage a business is called ___________.
Which U.S. City Is Suitable for Your Personality Type? Quiz!
Which U.S. City Is Suitable for Your Personality Type? Quiz!
What is The Perfect Gift for Your Best Friend Quiz
What is The Perfect Gift for Your Best Friend Quiz
What Dog Breed Does Your Personality Match With Quiz
What Dog Breed Does Your Personality Match With Quiz
Back to top