问答题

问答题 (a) Compute the liability to VAT of John Walsh for the VAT period November/December 2007. Note: Where necessary you should apportion expenses between qualifying and non qualifying activities, based on the ratio of taxable turnover to total turnover. You may assume that the turnover ratio for November/December is representative of annual turnover figures. (10 marks)

问答题 (b) State the conditions that must be satisfied so that a trader may be eligible to account for VAT on a cash receipts basis. (2 marks)

问答题 (c) State the due date for the submission of a VAT return, together with the consequences, if a taxable person fails to submit a return and/or pay the tax due. (3 marks)