VAT Quiz

VALUE ADDED TRIVIA

By VAT IT

Test your VAT knowledge

You have 60 seconds to answer each question.

All information is private except your username and selected country, which will appear on the leader board.

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1 / 12

The statute of limitations for claiming input VAT in Spain is...

2 Years

4 Years

6 Years

10 Years

2 / 12

The standard VAT rate in the UK is..

15%

17.5%

20%

25%

3 / 12

When is input tax recoverable?

When incurred in the furtherance of the business subject to certain rules

On all purchases regardless of use

Only for expenses over £500

When incurred for personal purposes

4 / 12

Which of the following are considered Online Marketplaces (OMPs) for VAT purposes: Amazon, eBay, Cdiscount & Shopify

All four: Amazon, eBay, Cdiscount & Shopify

Only Amazon and eBay

Only eBay and Shopify

Only Amazon, eBay and Cdiscount

5 / 12

What is the registration threshold for UK established businesses in the UK?

Turnover of GBP 70,000

Turnover of GBP 90,000

Turnover of GBP 100,000

Turnover of GBP 120,000

6 / 12

When goods are placed into a bonded warehouse...

They are not considered a supply for VAT purposes

VAT is immediately payable

They are considered a taxable supply

The goods must be exported within one year

7 / 12

In Portugal, may you deduct input VAT incurred on hotel accommodation for a business trip?

No, hotel VAT is never deductible

Yes, 100% of the VAT can be deducted

When incurred in the furtherance of business, yes but only 50% of the VAT

Only for trips outside Portugal

8 / 12

The below document is required when importing into the EU:

Importer Declaration Form

Customs Clearance Certificate

VAT Import Form

Single Administrative Document

9 / 12

The Non-Union scheme is a replacement for ____________ effective from July 2021.

Unified Tax Code

VAT Union Platform

Standard Tax Compliance Scheme

Mini One Stop Shop (MOSS

10 / 12

In France, a taxpayer will automatically be refunded if they are in a refund position when we prepare their monthly or quarterly VAT return.

True

False

Sometimes, depending on the amount

Only for monthly returns

11 / 12

Your client has discovered errors in their Netherlands VAT returns for 2018. May you correct them in 2024?

Yes, with penalty

Yes, by filing a new return

Only if the error exceeds €10,000

12 / 12

Which of the following is not required on a Local Sale invoice in the UK?

Customer VAT Number

Invoice Date

Supplier VAT Number

Description of Goods or Services

Your score is

Pos.	Username	Country	Score
1	marko.kangasmaki@solnet.group	Finland	100 %
2	Connor	Afghanistan	92 %
3	Plrstrive	United Kingdom	92 %
4	elkeg	Netherlands	92 %
5	Cait	South Africa	92 %
6	Chilli Dev	South Africa	92 %
7	Brett	South Africa	83 %
8	Quizard	South Africa	83 %
9	Quinny Ness	South Africa	75 %
10	Bronwynm	South Africa	75 %

VALUE ADDED TRIVIA

By VAT IT

Test your VAT knowledge

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VALUE ADDED TRIVIA

By VAT IT

Test your VAT knowledge

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