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   

Office Of Exit Domicile State of the art Financial Ombudsman Service
NPISHs Appraiser Rights Issues Carriage cost
learning curve Ex dividend Equilibrium Exchange Rate Zero rated
Accountability Talis qualis Keyman / keywoman insurance Process
De novo Health insurance LAN Annuity
Living Wage Malum in se Price floor Offshore funds
Constraints Restrictions Full Cost Pricing Agent Spoofing
Objects clause N1 Civil Court form Bankruptcy Retail price
Guardianship order Installment Witness summons Community Acquis
Charge Certificate Economically Inactive Solvency Nominal wage flexibility

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.