VAT in the UK is 50 years old this month. VAT is one of the highest yielding taxes for the UK government with official government statistics that over £150 billion of UK VAT was collected last year, ...
Britain's VAT rules have long triggered confusion and debate – not least about biscuits and cake – yet the tax is one of the top three money-makers for HMRC. First introduced in 1973, Value Added Tax ...
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