Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

Problem1. Are tax incentives inherently undesirable or more simply vulnerable to misuse? Discuss this problem by considering arguments for and against the employ of tax incentives.

Luther is about to commence business as the plumber, and seeks your aid regarding problems with Value Added Tax. Luther has acquired a contract with a local builder to install all the plumbing fittings, sanitary ware, and so forth. for a new housing development. Luther’s only other income will be from small repair jobs which he will perform in the evenings. Luther estimates which his receipts will total Rs2.5M in the first year of business with his only major expenditure being the purchase of an estate car which he estimates will be used 60% for the business and 40% for private motoring.

Required:

problem1. State what advice you would give to Luther regarding whether or not he has liability to be registered for VAT and describe fully the rules which govern registration.

problem2. State with reasons whether Luther has to charge VAT on the work he performs.

problem3. Describe how Luther should deal with the VAT on:

(i) The materials he purchases for the building contract and repair work performs;

(ii) The purchase of motor car;

(iii) The petrol bought for motor car.

problem4. describe clearly why it might be to a person’s advantage to register voluntarily as taxable person for VAT purposes when there is no legal requirement for him to do so.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M94529

Have any Question? 


Related Questions in Business Law & Ethics

You must respond to the following questions respond in at

You must respond to the following questions Respond in at least 500 words or more. Question: Chapter 16 in the Schroder & Lombardo book covers use of force issues. For supervisors, (1) describe your approach to handling ...

Case law analysis contract lawresearch federal and state

Case Law Analysis: Contract Law Research federal and state court cases pertaining to the topic of contract law. Select one court case and write an analysis that addresses the following: 1. Articulate the importance, cont ...

1 consider the right-hand side of the blackscholes-merton

1. Consider the right-hand side of the BlackScholes-Merton formula as consisting of the sum of two terms. Explain what each of those terms represents. 2 .Explain each of the following concepts as they relate to call opti ...

Assignmentthe primary argument of the classical school of

Assignment The primary argument of the classical school of criminology is that offenders commit crimes due to rational choice. As discussed in the Classical School of Criminology video, rational choice theory focuses on ...

Complete the employee rights in the workplace

Complete the Employee Rights in the Workplace Worksheet. Employee Rights in the Workplace Worksheet Complete each section below. Be sure to cite your sources when necessary 1. Laws affecting employee rights Identify thre ...

1 there are many opportunities within the field of

1. There are many opportunities within the field of marketing that you might consider as a career. Research using the Bureau of Labor Statistics' online Occupational Outlook Handbook as a resource to see the possible rol ...

Complete both part a and part bpart a select one of the

Complete both Part A and Part B. Part A: Select one of the following issues that court administrators face: Volume of cases in the court system Diversity of judges Language barriers and availability of court-interpreters ...

Business law assignment questionsquestion 1 -the university

BUSINESS LAW ASSIGNMENT QUESTIONS Question 1 - The University of Millennia called for tenders for supplies of green seed for its surrounds, with a closing date of 1 June. The following tenders were submitted: Greenland h ...

Ethics assignmentimagine yourself in 5 years as an

Ethics Assignment Imagine yourself in 5 years as an experienced RN. The Day Surgery Center/Dialysis Center/Community Hospital (take your pick) where you have been employed since graduating from GCC, is closing. You have ...

Review the case file titled hilary case found below these

Review the case file titled "Hilary Case," found below these instructions.  Write a five to six (5-6) page paper in which you: 1. Draft a legal memorandum in which you discuss the likelihood of a successfully recovery by ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro