Vat Accountants

VAT Guide for Beginners

VAT Guide for Beginners

Most purchases carry a VAT charge. Levy Value Added Tax (VAT) on most business transactions and on many goods and some services. There are three rates of VAT in the UK: 20% (the ‘standard rate). 5% (‘reduced’ rate) and 0% (‘zero’ rate). You’ll register for VAT if any of the following apply: The taxable turnover …

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