Description

A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that has already been taxed.
This book will explain who needs to be VAT Registered and when they should be registered. It will also detail who should consider being VAT
registered, even though there is no obligation for them to be.