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Tax- VAT an introduction

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Tax- VAT an introduction

C
cubismlaw

10 Views • Apr 28, 2015

Description

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the national government. It was introduced in 1973 and is the third largest source of government revenue after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994.