f) A Smart TV currently retails for €907.50 This price includes 21% VAT. i. How much is due to be paid to revenue in VAT
Posted: Sun Oct 03, 2021 11:07 am
f) A Smart TV currently retails for €907.50 This price includes 21% VAT. i. How much is due to be paid to revenue in VAT? (2 marks) ii. If, because of Budget changes, the VAT rate increased to 23%, and the TV is discounted by 10% before VAT find the new selling price. (2 marks)