Easily Insert Value Choice in the Product Defect Notice

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How to Insert Value Choice in the Product Defect Notice

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hi everyone welcome back to the channel in todays session we are going to see how we can actually update the choice field options and having those choice fields option in a different list altogether and get those updated with power automate with the site column settings so i mean why we want to do that because for a normal business users its quite tricky to go to the column settings and update and look at all the values if its a big big list then looking through scrolling through all the values and updating those values could be challenging though like it doesnt sound challenging but first few business users i know like its challenging to update any values within the choice column field for that what we can have we can have a separate list so for example this country list which is holding all the options data and using power automate whatever we are adding to this uh list that automatically get update to this choice field columns so right now there are five values and we have five

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What is the meaning of opt to tax?

The option to tax (OTT) is an election to waive the land exemption and instead to charge VAT at the standard-rate on the supply of land and buildings.

Why would a tenant opt to tax?

The property business can choose to convert the exempt property to taxable property by opting to tax. The main benefit of the election of option to tax is that the property business can reclaim the VAT costs incurred in the purchase of the property and other costs of the property business.

How do I opt out of VAT?

You can cancel your VAT registration online by logging into your VAT online account (aka your Government Gateway account). Should you prefer to deregister for VAT by post, you can fill in and send form VAT7 to the address stated.

Does a buyer need to opt to tax?

Q: Your practice note, The option to tax: scope, records that an option to tax is personal. Therefore, if a seller of a property has opted the property prior to sale, then the buyer will take a property that is not opted to tax unless that buyer decides to opt.

Why opt to tax a building?

The main reason for opting to tax is to recover input tax, and it normally means that all future supplies will be taxable and all input tax recoverable. This is usually straightforward, but there are some further points.

Can you opt out of option to tax?

To revoke the option permission must be obtained from HMRC. Consent may be granted automatically if a number of conditions are met; or if they are not met, HMRC must be asked for permission before the option can be revoked.

Can you claim input VAT on exempt supplies?

Input tax/partial exemption in a nutshell If the business makes only exempt supplies, it cannot recover any of its input tax (and usually will not be VAT registered); if it makes both taxable and exempt supplies, it is partly exempt and can only recover the input tax attributable to taxable supplies.

How do I know if my property is opted to tax?

A good starting point is the age of the commercial building. If it is under 3 years old then it will be in the VAT system and opted to tax. Next, what is the main business activity of the current owner? If they currently charge VAT in their normal course of business, then they are likely to have opted to tax.

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