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A-Z of Tax and Accounting terms: V is for…

by ClearwaysAccountants | Sep 23, 2013 | A-Z of tax and accounting terms, Contractor, Freelancer, Self Employment, Small business advice

Value Added Tax (VAT) and Venture Capital Trusts Value Added Tax VAT or sales tax applies to almost all goods and services and the majority are subject to VAT at 20% (the standard rate).  Some sales (or supplies in the jargon) are exempt from VAT.  See our earlier...

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