I have trouble to figure out how word ' supplies' should be properly understand in the context of value added tax. So far I know that suppliers supply goods that we purchase and use to run the businesss but i have troubles to understand what ' taxable supplies' are in the context of vat. Can you make it clearer for me please ?
Simplistically it's what you sell to your customers or what your clients sell to their customers from a bookkeepers view point. Like Jo suggests, it is ultimately far more complex than that so reading that manual will give you greater understanding. My simplistic answer is because you seem to be looking at it from the opposite view, I.e. That if being supplied.
