Business & Commercial Terms with "V"
Glossary of Business & Commercial - Glossario Società & Commerciale
Glossary of Business & Commercial - Glossario Società & Commerciale
VAT or Value Added Tax: Value Added Tax is a sales tax set at 20% of value within the UK. Most goods and services supplied within the UK are liable to VAT. Companies must charge VAT when supplying within the UK. A company that is VAT registered may reclaim VAT on purchases. There is no VAT on exports beyond the UK.
VAT or Value Added Tax: Value Added Tax is a sales tax set at 20% of value within the UK. Most goods and services supplied within the UK are liable to VAT. Companies must charge VAT when supplying within the UK. A company that is VAT registered may reclaim VAT on purchases. There is no VAT on exports beyond the UK.