Value-added tax in the United Kingdom
In the United Kingdom, the value-added tax (or value added tax, VAT) was introduced in 1973, replacing Purchase Tax, 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.
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Value-added tax in the United Kingdom
In the United Kingdom, the value-added tax (or value added tax, VAT) was introduced in 1973, replacing Purchase Tax, 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.
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In the United Kingdom, the val ...... s who spend more pay more VAT.
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In the United Kingdom, the val ...... the Value Added Tax Act 1994.
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Value-added tax in the United Kingdom
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