Home For AAT student members AQ 2013 AAT Level 3 (Level 6 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


AQ2016-Indirect Tax-Sample exam1-Task2(a)

Hi Can anyone help me with this task please?

A business makes the following purchases:
standard-rated goods for £110 plus VAT of £22, zero-rated goods of £68.
Which one of the following amounts must appear on the simplified VAT invoice issued to the business?
a)£22
b)£68
c)110
d)£200

The correct answer given by AAT is d)£200

To my understanding , all the number should be on the simplified VAT invoice

Many thanks in advance.

Have a good day :-)

Comments

  • nickyowlnickyowl Registered Posts: 15
    Hi - the word to watch out for is 'must' - the total including VAT must be shown on a simplified VAT invoice, along with the description and rate of VAT for each item, but there is no need to show the individual amounts or the net and vat amounts.

    This only applies to simplified invoices (under £250 inc.vat)
  • winterjasminewinterjasmine EdinburghRegistered Posts: 15
    Thank you very much. Yes, you were right. Now I understand. I check the text book again and it says so as well.
Sign In or Register to comment.