(iii) The effect of the restructuring on the group’s ability to recover directly and non－d

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(iii) The effect of the restructuring on the group’s ability to recover directly and non-directly attributable input

tax. (6 marks)

You are required to prepare calculations in respect of part (ii) only of this part of this question.

Note: – You should assume that the corporation tax rates and allowances for the financial year 2006 apply

throughout this question.

参考答案:

(iii) The effect of the restructuring on the group’s ability to recover its input taxPrior to the restructuringRapier Ltd and Switch Ltd make wholly standard rated supplies and are in a position to recover all of their input taxother than that which is sp

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