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Value Added Tax (VAT) is a government-imposed tax added to most goods and services sold by VAT-registered businesses in the UK. If you're running a business, understanding VAT is not only essential for compliance but also for effective financial planning. - What is VAT? VAT is charged at different rates depending on the type of goods or services you provide. The standard VAT rate is currently 20%, but reduced (5%) and zero-rated (0%) items also exist. - Do You Need to Register for VAT? You must
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