The purchase price on the vehicle will be VATable.

We also question whether with no definition of „ambient‟, would the level of VATable product vary through the seasons?

Particularly when VATable goods are usually taken on firm sale and have tighter credit periods than bookselling.

This means that VAT on central costs can only be claimed in proportion to VATable activities.

Since vatable items comprise about two-thirds of the CPI basket, this increase could have added about 1.5pc to the inflation rate last January.

For an activity to be vatable it must constitute a business and according to cases which have come before the courts definite criteria have to be fulfilled.'

Food is free of VAT ( zero rated) when you buy it, but once a service has been added/applied then is VATable.

When ordering goods from us in the UK, orders from outside Europe are exempt from Value Added Tax (VAT) on vatable items.

He was a pupil of the less known François Vatable, and succeeded Vatable as professor of Hebrew at the Collège Royal.

'In order to reclaim VAT a business must first be registered with H.M. Customs and Excise, which must ensure that the business is selling goods and services which are vatable.

'Many funeral directors already undertake vatable activities such as the hiring of wedding cars, the selling of monuments and other masonry work as well as the sale of floral tributes,' says Mr Howarth.

Subsequent to the meeting: CRESTCo have received a letter from HM Customs & Excise who have confirmed that lodgement and withdrawal charges will be VATable from 1 July 2001.

The breakdown in sales of the VATable goods we stock fluctuates much more dramatically than do sales of books; this is largely because of seasonal changes in demand, the start of an academic term for students, and the summer tourist season.

'So if the hoped for vatable activity is tagged on to an existing business the Customs and Excise or the Tribunals, may refuse to accept the activity as a business and so deny the VAT registration,' says.

Institutions can claim back input VAT if, for example, a piece of equipment is purchased on a VATable contract then the Institution can reclaim the VAT on that equipment. 5. Cash limiting This is a recent phenomenon for educational institutions.