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1.2.9 Indirect taxes and subsidies

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Question 5

A logistics firm pays a monthly contract fee of £2,880, inclusive of Value Added Tax (VAT) at the standard rate of 20%, for its fleet maintenance services.

What is the total amount of VAT paid by the firm per month on this contract?

A

£576£576£576

B

£480£480£480

C

£2,400£2,400£2,400

D

£2,304£2,304£2,304

Markscheme

1.2.9 Indirect taxes and subsidies Questions

  1. A Level
  2. /Economics
  3. /1.2.9 Indirect taxes and subsidies

22 exam-style questions on Edexcel A A Level Economics 1.2.9 Indirect taxes and subsidies. Each one has a worked solution and a mark scheme showing where the marks go.

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