* not completed

. A company provides services with a sales value of £6,000. VAT is charged at the rate of 20% on sales value. What is the total sales invoice value?

£4,800 correct incorrect

£5,000 correct incorrect

£6,000 correct incorrect

£7,200 correct incorrect

* not completed

. Goods are sold to a customer with a sales value of £8,000. VAT is charged at the rate of 20% on sales value. What is the VAT that will be added to the sales to produce the total invoice value?

£1,600 correct incorrect

£2,000 correct incorrect

£9,600 correct incorrect

£10,000 correct incorrect

* not completed

. The total sales invoice value (sales value + VAT) is £11,400. VAT is charged at the rate of 20% on sales value. What is the value of sales included in this sales invoice?

£1,900 correct incorrect

£9,120 correct incorrect

£9,500 correct incorrect

£11,400 correct incorrect

* not completed

. Goods are sold to a customer with a sales value of £27,000. VAT is charged at the rate of 20% on sales value. What is the VAT that will be added to the sales value to produce the total sales invoice value?

£4,500 correct incorrect

£5,400 correct incorrect

£6,750 correct incorrect

£32,400 correct incorrect

* not completed

. The total sales invoice value (sales value + VAT) is £15,000. VAT is charged at the rate of 20% on sales value. What is the amount of VAT included in this invoice?

£2,500 correct incorrect

£3,000 correct incorrect

£3,750 correct incorrect

£12,500 correct incorrect

* not completed

. A company provides services with a sales value of £15,000. VAT is charged at the rate of 20% on sales value. What is the total sales invoice value?

£3,000 correct incorrect

£15,000 correct incorrect

£18,000 correct incorrect

£18,750 correct incorrect

* not completed

. Which one of the following statements is not correct?

VAT is a tax on the value of each sale made. correct incorrect

The current rate of VAT in the UK is 20%. correct incorrect

VAT collected on behalf of the government is paid over to HM Revenue and Customs every three months. correct incorrect

VAT payable is the total amount of VAT charged on sales. correct incorrect