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8 per cent. d.jones
If you check with the Institute of Fiscal Studies you will see that the VAT rate in April 1973 was 10%. It was reduced to 8% in the following year.
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∙ 13y ago
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∙ 13y ago10%
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What are existing vat rates in Maharashtra?
VAT in MH currently is 5%
What are VAT rates applicable on bleaching powders in the states of India?
14.5% are VAT rates applicable on bleaching powders in the states of India.
Which pm introduced vat?
VAT was introduced in 1973 the P.M. was Edward Heath
What are the types of vat in India?
There is only one type of VAT in India. VAT stands for Value Added Tax. There are however, different rates of VAT on different types of products.
When was VAT introduced in UK?
1972. April 1st 1973 to be precise.
What date in 1973 did vat start in UK?
April 1973 actually it was 25th April 1973 at 00:00:01
Gross of vat and net of vat?
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
What is the difference between vat exclusive and vat inclusive?
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
Do the republic of Ireland pay VAT?
yes - different rates for services, goods etc
What is vat rates when selling goods from Maharashtra to Haryana?
Vat is not applicable. because it is a interstate sale. so only cst is applicable . cst 2%. along with form 'c'...if form 'c' is not provided by the buyer, then state vat is applicable...
Vat was introduced by whic politicol party?
The Value Added Tax (VAT) was introduced by the Conservative Party in the United Kingdom in 1973.
How is VAT different from Sales Tax?
VAT will have only four rates instead of large number of rats of Sales Tax, with off setting of tax on inputs against that on output; VAT does away with tax on tax. Claiming input tax credit under VAT ensures proper invoicing. Overall, these features of VAT encourage disclosure of complete information on business turnover.
