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   

Annual exemption To arraign Arraignment DTI system
QC mutatis mutandis Case stated Advantages of Revenue
Churning Class Licence Diplomat Operational risk
Sale and Leaseback committal Open End Credit Third Country
Gross Estate Lamfalussy Sub-soil assets Excise Duties
Taxing authority Amped Output Tax Recorder
OTC Factum Stock losses Committal for sentence
Best practice Convertible securities Banana Problem Indictment
Kyat Indicia Order Optimisation Critical Path
Refer to drawer Book value Break up value Effective Exchange Rate

Scopulus.co.uk - UK Legal Documents


Terms and Conditions
Documents covering terms and conditions of both sale and purchase of goods and services
Price: 26.99
Confidentiality Agreement
Use this document to agree how/When sensitive information can be disclosed and to whom
Price: 14.99
Debt Collection Letters
These three debt collection letters will assist you in getting payment ASAP. Don't delay.
Price: 9.99
Web Design Agreement
An agreement between a web designer and website owner for the design/modification
Price: 34.99

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 © 2004-2017 Scopulus Limited. All rights reserved.