Option to tax: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson (Clarify that Option to tax relates to land and buildings. Source: http://www.hmrc.gov.uk/manuals/vatlpmanual/VATLP22590.htm) |
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''VAT.'' | ''VAT.'' | ||
Turns an exempt supply into a standard rated supply for VAT purposes. | Turns an exempt supply relating to land or buildings into a standard rated supply for UK VAT purposes. | ||
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* [[VAT]] | * [[VAT]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 15:26, 30 October 2013
VAT.
Turns an exempt supply relating to land or buildings into a standard rated supply for UK VAT purposes.
