VAT
VAT
Glossary of business
Definition of vat
VAT (value added tax) is a tax on the value added at each stage of production. It is an indirect tax and is charged at the rate of 17.5% on all final expenditure by consumers. It is a regressive tax as the proportion of income paid by less well off will be greater than the proportion paid by the better off.
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Terminology about business
Job world
Definition and meaning of vat
Meaning of vat
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