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.
Part I: How VAT works. I n a VAT registered person's books of account, VAT should not be included in income or expenditure account. This is because a VAT registered person is a collector of tax, which is neither his income nor expenditure.Hence, VAT should be shown in the books of account under a separate liability account, which is ultimately reflected in the balance sheet under creditors. Like any other outward payment, VAT is also a liability.he VAT amount of Rs 1,25,000 should be debited to the VAT account and ultimately reflected as Input Tax. Unregistered Traders. In the case of unregistered traders, VAT paid will become part of their cost since they are not eligible to claim Input Tax.