What is VAT?

Modified on Sun, 19 Jul 2020 at 11:30 PM

VAT (or Value Added Tax) is added to the sale of goods and services and imposed on the consumer. It is generally charged on most business transactions in the UK, but it can also affect items imported from other countries.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article