In the UK, there are 3 different rates of VAT and you must make sure you charge the right amount. Standard rate Most goods and services are standard rate. You should charge this rate unless the goods or services are classed as reduced or zero-rated. This includes: any goods below the distance selling threshold you

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How does VAT works? This Question “How does VAT works?” comes in mind of all business owners. VAT charged on things like: business sales – for example when you sell goods and services hiring or loaning goods to someone selling business assets commission items sold to staff – for example canteen meals business goods used

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