Chapter 17 - VAT Exempt

Question 1

Schedule 9 VATA 1994

Answer 1

List of exempt items in 16 groups

Question 2

Groups 1 - 8

Answer 2

1 - Land
2 - Insurance
3 - Postal services
4 - Betting, gaming and lotteries
5 - Finance
6 - Education
7 - Health and welfare
8 - Burial and cremation

Question 3

Groups 9 - 16

Answer 3

9 - Trade unions and professional bodiees
10 - Sport, competitions and physical education
11 - Works of art
12 - Fund raising events by charities
13 - Cultural services
14 - Supplies of goods where input tax isn’t deductible
15 - Investment gold
16 - Supplies of services by groups involving cost sharing

Question 4

Note

Answer 4

See leg for the caveats to each group