Tracey is a sole trader. She has the following transactions during the quarter to 31 December 2017 (all amounts shown are VAT-exclusive): £ Sales to UK customers Standard-rated 34,475 Zero-rated 12,600 Exports of goods To non-EU members 8,600 To EU members-(all customers are VAT registered) 17,300 Purchases: Standard-rated 25,800 Zero-rated 6,200 Expenses Wages and salaries 22,450 Car repairs 120 Insurances 260 Entertaining UK customers 420 Other expenses (all standard-rated 9,700 Capital transactions Purchase of new plant and machinery 8,000 Purchase of motor van 12,000 Tracey drives a car with an emission rating of 16 4 g/km and reclaims input tax on all of the fuel used by this car, whether for business or private motoring . She does not keep detailed mileage records. Calculate the amount of VAT due for the quarter.
Tracey is a sole trader. She has the following transactions during the quarter to 31
December 2017 (all amounts shown are VAT-exclusive):
|
|
£ |
|
Sales to UK customers |
|
|
Standard-rated |
34,475 |
|
Zero-rated |
12,600 |
|
Exports of goods |
|
|
To non-EU members |
8,600 |
|
To EU members-(all customers are VAT registered)
|
17,300 |
|
Purchases:
|
|
|
Standard-rated |
25,800 |
|
Zero-rated |
6,200 |
|
Expenses |
|
|
Wages and salaries |
22,450 |
|
Car repairs |
120 |
|
Insurances |
260 |
|
Entertaining UK customers |
420 |
|
Other expenses (all standard-rated |
9,700 |
|
Capital transactions |
|
|
Purchase of new plant and machinery |
8,000 |
|
Purchase of motor van |
12,000 |
Tracey drives a car with an emission rating of 16 4 g/km and reclaims input tax on all of the fuel used by this car, whether for business or private motoring . She does not keep detailed mileage records. Calculate the amount of VAT due for the quarter.
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