input tax in a sentence

Use “input tax” in a sentence | “input tax” example sentences

1- This return will show your output tax and your input tax .

2- Saving of businessman due to a set off is given for input tax .

3- Some supplies are zero-rated (exempt with a credit for input tax ).

4- The difference between output tax and input tax is payable to the Local tax Authority.

5- The High Court has confirmed that in such circumstances input tax recovery should be apportioned.

6- The prepayment audit is a restricted audit of input tax Credits (ITCs).

7- Businesses still collect the HST as required and may claim business input tax credits until further notice.

8- Customs are considering a change to the law to block input tax recovery based on intended usage.

9- Deductible input tax is the value-added tax which the entrepreneur has been charged by other business entities.

10- However, these small enterprises are not allowed to deduct the input tax they have been billed.

11- The amount payable is the value-added tax it has invoiced, minus any amounts of deductible input tax .

12- If input tax is greater than output tax the company can claim back money from the Local tax Authority.

13- On the other hand, input tax is the VAT you’ve paid on your purchases in the period.

14- VAT-registered traders will be able to reclaim flat rate additions on their VAT returns as though they were input tax .

15- Similarly, if your output tax is greater than your input tax , you must pay the difference to HMRC.

16- The registered trader will have to face loss of input tax if he buys either from threshold trader or compounded traders.

17- If your input tax in the period is greater than the output tax, you can claim the difference from HMRC.

18- However, if you treat sales as input taxed , while the funds raised will not be subject to GST, you will not be able to claim credits for the GST in any purchases connected with the event.

Related Words:
before-taxcarbon taxdeath taxdirect taxestate taxexcise taxgreen taxinput taxlocal taxluxury taxoutput taxstamp taxstate taxtax breaktax credit

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