Business terms and jargon explained. Your business dictionary

What is Residual Input Tax

Tax Definition:-

Input tax incurred by a business on goods and services used or to be used in making both taxable and exempt supplies. This value is apportioned between taxable and exempt supplies by the partial exemption method.

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   

Alibi Marketing Mix LIBO Post Sales Growth
Tentative Trust RSS Mediation Integrated Emergency Management
Parental leave policy Corner a market Turnover Testacy
Pensions Ombudsman Discount received Vicarious Liability Charitable Trust
Landlord Beneficiary Deductible VAT Retail Prices Index - RPI - RPIX
Due date Franked income Interest rate risk Licensed Premises
Annuitant Uno flatu KBPS Testimony
In delicto Abort fee Free Zone Goods Materiality
Interium Contributions Agency Progress payments Petty Cash
Writ Regressive Tax In limine Break up value

Term created / updated 2006-11-28 15:21:53

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.