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1.2.9 Indirect taxes and subsidies

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Question 7

In 2021, the average household annual expenditure on domestic heating oil was £1,320, excluding VAT, an indirect tax charged at 5%.

The amount of VAT paid per year on heating oil by an average household in 2021 was:

A

£66.00

B

£264.00

C

£1,254.00

D

£1,386.00

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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