Exempt: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson No edit summary |
imported>Doug Williamson (Layout.) |
||
| Line 4: | Line 4: | ||
=== Tax exemption === | ==== Tax exemption ==== | ||
More generally in taxation, tax exempt assets or transactions are those outside the scope of all taxes or outside the scope of a particular tax. | More generally in taxation, tax exempt assets or transactions are those outside the scope of all taxes or outside the scope of a particular tax. | ||
=== Regulatory and legal exemption === | ==== Regulatory and legal exemption ==== | ||
Revision as of 10:33, 31 August 2016
UK VAT exemption
VAT exempt goods and services are ones which are outside the scope of VAT.
Tax exemption
More generally in taxation, tax exempt assets or transactions are those outside the scope of all taxes or outside the scope of a particular tax.
Regulatory and legal exemption
In regulation and law generally, exempt entities, assets or transactions are ones outside the scope of particular regulations or laws.
