Business terms and jargon explained. Your business dictionary

What is Option to Tax

Tax Definition:-

The charge of VAT on a supply that would normally be exempt. It applies to certain supplies of land and buildings. If a decision to charge VAT is made, the value of the supplies when calculating the taxable turnover must be included. Option to Tax. is also referred to as the Election to Waive Exemption.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

Registry Trust Limited IMHO Consideration Retained earnings
Junior debt VCU MINT Entitled Vessel
Admiralty Court Confiscation order Repurpose Lilangeni
WTO Arrears Capital Adequacy Abort fee
Backdoor Place Of Supply SEMEA Affiliate agreement
Ex dividend Bear hug Your Honour MANGO
Outsourcing Easter egg Next of kin BTI
Procurator PLN Boliviano N215 Civil Court form
Yen N170 Civil Court form Gold Standard Backpay
Sniffing Flash Reporting Period Loading List

Scopulus.co.uk - UK Legal Documents


Cohabitation Crisis Pack
This document gives advice to a couple who have separated or who are about to separate.
Price: 17.99
Consultancy Agreement
A Consultancy Agreement covering all the issues to be consider for appointment
Price: 37.99
Standard Terms and Conditions
Standard Terms for business that supply either products or services
Price: 17.99
Confidentiality Agreement
Use this document to agree how/When sensitive information can be disclosed and to whom
Price: 14.99

Term created / updated 2006-11-14 13:55:30

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2018 Scopulus Limited. All rights reserved.