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   

Xerox Identity Verification Constrained Discretion Realisable property
SEED Pa'anga Melt Value Bank Wire
Zip AFAIK Smurfing IANAL
Authentication Patent Pools Unfranked Receipts Business Promotion Scheme
Blind Testing Pensions Ombudsman N323 Civil Court form Office Of Exit
Garnishee Order TANGO Equity Line Joint Account
Capital expenditure F2F Guarani Brute force
Accounts payable Dubitante Percentage Rent Suggestio falsi
Log file Dependency Regulations - EU Unitholder
Bankruptcy Order Portfolio Diversification Percentage of Annual Revenue From Online Sales WCO

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 © 2004-2019 Scopulus Limited. All rights reserved.