Question

When the business owner takes trading stock from the business for home use, the transaction will be subjected to.....VAT.
A zero-rated
B standard rated
C exempt
D none of the above.

Answer 1

When a business owner takes trading stock from the business for personal use, the transaction is generally subjected to **B standard rated VAT**. This is because the owner is effectively withdrawing stock for personal use, which usually aligns with standard VAT rates applicable to the sale of goods.

So the correct answer is **B standard rated**.