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What does VAT mean for your business?

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Ah VAT…. Probably the least understood tax by many people. This is mainly because it’s actually pretty complex!



What is VAT?



VAT (Value Added Tax) is a tax that is added to sales of many goods and services. Not all services or goods have VAT added to it (the law determines what), and if the business you are buying from is not ‘VAT Registered’, their goods or services will not have VAT added to the price.


A few examples of items that do not have VAT on generally are:


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