VAT (Value Added Tax) is a tax charged on most goods and services sold in the UK. Businesses that are VAT-registered must charge VAT on their sales, pay it on their purchases, and regularly submit VAT returns to HMRC. The standard VAT rate can change, so it’s always worth checking the current rate for your products or services.
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Tax Guide UK Editorial Team: Our team of financial writers, tax researchers, and editors is dedicated to making UK tax easier to understand — and easier to manage. Every article is thoroughly researched, regularly updated, and written in plain English to help you stay compliant and confident.View Author posts