Business Terms and Jargon Explained

What is Input Tax

This is the VAT that was charged on input items to the business. i.e., raw materials, goods and services. If the business is VAT registered it can claim back this VAT and/or contra it against the VAT it charges and collect for HMRC on goods and services it sells.

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Temporary Importation Trade secret Ingot
Cestui que trust Domain name sales agreement Weak dollar
Beneficiary Exporter Just in Time (JIT)
Administrator RSS Shelf life
N244 Civil Court form 2FA Without Prejudice
Bailment Ex dividend Forwarding Agent
Capital expenditure Expert witness Accountability
Consolidated supervision COO Arrears
Petitioner Ex concessis Bonds
N16A Civil Court form DBS check Note Buyers
TANGO Voluntary Liquidation Synergy
Lempira Board of Directors Average Total Cost (ATC)
Organic growth Payee CAM

Term created / updated 2011-05-14 13:56:56

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