VAT

The VALUE ADDED TAX (VAT) is the tax added to the value of the product or service provided. Generally, the percentage applied is 20% in the UK, called STANDARD VAT.

The self-employed person or company needs to register with VAT to collect these taxes. The declaration is usually made every three months. However, this registration is not mandatory for everyone, there are also other VAT rates, as well as other SCHEMES that may be more advantageous. To find out more, talk to us.

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