taxable supply

A supply of goods or services made in the UK, other than an exempt supply. The term is used in value added tax legislation.

Accounting dictionary. 2014.

Look at other dictionaries:

  • taxable supply — For value added tax purposes, every supply of goods and services made in the UK other than an exempt supply. Related links value added tax Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com …   Law dictionary

  • taxable supply — In value added tax legislation, any supply of goods or services made in the UK other than an exempt supply As well as straightforward sales, taxable supplies include rentals, hirings, the granting of rights, and the distribution of promotional… …   Big dictionary of business and management

  • taxable supply — A supply of goods or services that is not exempt from VAT; ie one which is liable to VAT at the standard, reduced or zero rate. HM Customs & Revenue Glossary …   Financial and business terms

  • taxable supply — /ˌtæksəb(ə)l sə plaɪ/ noun a supply of goods which are subject to VAT …   Dictionary of banking and finance

  • taxable person — In the context of value added tax (VAT), a supplier who has made supplies over the past 12 months exceeding (or there are reasonable grounds for believing that such value will exceed in the next month) the registration limit. A taxable person… …   Law dictionary

  • taxable person — In the UK value added tax legislation, an individual, partnership, limited company, club, association, or charity that makes regular taxable supply above a certain annual value. Value added tax is charged on taxable supplies made by taxable… …   Big dictionary of business and management

  • Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates …   Wikipedia

  • supply-side —  ̷ ̷ ˈ ̷ ̷ ¦ ̷ ̷ adjective Etymology: supply (II) + side (I) : of, relating to, or being an economic theory that recommends the reduction of tax rates especially in the highest brackets to encourage more earnings, savings, and investment to… …   Useful english dictionary

  • supply-side — adjective Date: 1976 of, relating to, or being an economic theory that reduction of tax rates encourages more earnings, savings, and investment and thereby expands economic activity and the total taxable national income • supply sider noun …   New Collegiate Dictionary

  • standard-rated supply — A taxable supply on which value added tax (VAT) is chargeable at the standard rate (currently 17.5%). Related links value added tax Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.