Vocabulary. The European court of Justice has ruled that British retailer, Marks & Spencer, can claim back £3. 5mln in overpaid VAT on teacakes

The Participle.

Grammar

Teacake Wrangle

The European Court of Justice has ruled that British retailer, Marks & Spencer, can claim back £3.5mln in overpaid VAT on teacakes. For years, the British authorities defined a chocolate teacake as a biscuit- which attracts a sales tax- rather than a cake, which does not. So when is a cake not a biscuit?

Teacakes are made of a shortbread base, a marshmallow filling and a chocolate shell. The British tax authorities decided it was a biscuit, a luxury food liable to sales tax. The supermarket insisted it was a cake, a basic food which is exempt from tax.

The argument has been through many courts and the latest decision has been on the cake side of the argument. Marks & Spencer should get a tax refund, said the judge.

Ex. 1 Open the brackets using the correct form of the Participle.

1) Tariff is a tax (to levy) on goods that are imported or exported across the border of a country.

2) The amount of tax (to collect) is called the customs duty.

3) When duty is charged by weight, it is calculated of the net weight of the article (to exclude) the weight of any container.

4) Excise and VAT are indirect taxes (to include) in the value of the goods.

5) Specific duties are (to fix) duties (to impose) according to the physical quantity of the goods.

6) Tariffs (to design) to protect domestic production from foreign competition are called protective tariffs.

7) We deal with vehicles (to transport) commercial and non-commercial goods.

8) (To sign) the accompanying documents the manager ordered to start unloading.

9) While (to search) the vehicles they used drug-sniffer dogs.

Ex.2 Translate the words in brackets using the Participles of the following verbs:

to consist, to prohibit, to come, to train, to examine, to include

Federal Customs Service uses specially (обученный) dogs in everyday activities. Teams (состоящий) of a dog and a handler are used to screen (прибывающий) aircraft, cargo, baggage, mail, vessels and vehicles. The Customs uses a wide variety of dogs (включая) Labrador retrievers, Alsatians, German Shepherds, Spaniels, Pointers and mixed breeds. The dogs are taught to detect (запрещенный) narcotics, explosives and sometimes currency. They work at the check-points (обследуя) means of conveyance and merchandise.

revenue (n) to obtain to raise to collect legal act statute to apply tariff rate of tariff protective tariff revenue tariff domestic production foreign competition income specific duty ad valorem duty to levy to impose to charge to calculate tax indirect tax excise VAT (Value Added Tax)   proportionate value to assess / assessment customs union costs to deliver / delivery in cash by cheque freight insurance commission consumption

государственный доход получить, добиться повышать зд. взимать законодательный акт закон применять тариф ставка тарифа протекционистский тариф фискальный тариф отечественное производство иностранные конкуренты доход специи? адвалорные пошлины взимать налагать назначать, предъявлять начислять налог косвенный налог акциз, акцизный НДС, налог на добавленную стоимость пропорциональная стоимость определять сумму налога, штрафа таможенный союз зд. конкуренция зд. Расходы доставлять, доставка наличными чеком перевозка, стоимость перевозки страховка комиссия потребление

Дата добавления: 2014-12-10