Back to Tax Basics: How does VAT work?

Back to Tax Basics: How does VAT work?

by | Sep 9, 2021 | Tax, VAT

content Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain.   Most businesses with annual sales of £85,000 or more have to register for VAT. And even if your sales are below that level,...