VAT: Exempt supplies
| OUTCOMES OF TOPIC After studying the topic related to the introduction to Output VAT you should be able to: ✓ Understand the different categories of supplies for Output tax purposes. ✓ Understand what a taxable supply is. ✓ Understand the requirements to be met for a supply to constitute a standard-rated supply. ✓ Declare standard-rated supplies on the VAT201 return. |