Business Terms and Jargon Explained

What is Business Activities

Tax Definition:-

In relation to VAT, any continuing activity that is mainly concerned with making supplies to other persons for a consideration. The activity must have a degree of frequency and scale and be continued over a period of time.

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

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Term created / updated 2006-11-26 15:11:32

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