VALUE ADDED TAX IMPLEMENTATION IN NIGERIA, IMPACT ON CONSUMABLE GOODS

ABSTRACT This study was bone out of mirage of problems usually associated with policy implementation in Nigeria especially on taxation. In recent times, value Added Tax is the most outstanding fiscal policy in Nigeria economic Policy. Bearing in mind the consumption pattern the necessary imposition of tax on luxury goods and of course luxury goods is a matter of choice and taste. This study look at impact of VAT on luxury goods as it affects, revenue collection, consumption pattern, and price of goods in question as it relates to stock. In view of this, the essentials of this study are bordered on scope of the study, which is centered in Federal Inland Revenue Service Offices at Calabar and Enugu. Data for this for study were obtaining from both from primary and secondary data using questionnaires personal interviews and physical observations the major data collection instruments.  Bases on the made; that there is significant effect of VAT on consumption of luxury goods, that the higher revenue is the result of more registered persons and also that high price leads to high volume of unsold stock of goods in the warehouse of distributors. The researcher made the following recommendations that more offices of collections should be open to widen scope of collections of VAT, secondly, adequate incentives should be provide to FIRS staff to discourage adding and abetting of registered Redoms for loss of revenue by government. Thirdly, VAT Tribunal should resume operation to try offenders in order to enforce punitive measures on defaulters.
TABLE OF CONTENT    Pages Title Page  Approval Page   Acknowledgement  Abstract  Dedication  Table of content 
CHAPTER ONE 1.0Introduction 1.1Objectives of study  1.2Significance of the study 1.3Scope of the study 1.4Limitation of the study 1.5Definitions of terms.
CHAPTER TWO 2.0Definition  2.1Functions of Value Added Tax 2.2Problems of Value Added Tax 2.3Inspection of VAT Authorities
CHAPTER THREE 3.0Summary of findings, Conclusion and Recommendation. 3.1Summary 3.2Conclusion 3.3Recommendation 3.4Discussion of Findings Bibliography.