Hennessey Venom GT. The Hennessey Venom GT has only 29 cars in the world, making it not only the fastest hypercar in the world, but also the most exclusive. It has the incredible maximum speed of 290 mph and an amazing accelerated speed from 0 to 200.
Commercial property and VAT. Commercial property is normally exempt from VAT (although freehold sales of new commercial buildings do attract VAT). So, for example, a landlord will not charge VAT on the rent â but nor will the landlord be able to recover any VAT paid out on expenses.f you own a commercial property, you are liable for the business rates. If you rent a business property, the terms of your lease or rental agreement should make it clear whether you or your landlord is responsible for paying the business rates. Complications may arise if you use part of your home for business.
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to. allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against. the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added to raw materials, but. taxpayers will receive credit for tax already paid on procurement stages. Thus, VAT will be. without the problem of double taxation as prevalent in the earlier Sales tax laws.