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VAT

General Principles

The government has a fairly good help page on VAT which I'd strongly suggest reading before this guide. VAT is a tax which is added on to certain categories of items. You don't need to know these categories, just that some have it and others don't. If you're not sure if something you're buying has VAT on it then you need to check with the supplier. Even if an item would normally have VAT on it, depending on the supplier it may not. (i.e. whether or not the supplier is VAT registered)

VAT on Income

VAT on Expenses

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