Guides tagged with "vat"

VAT Basics Part 1

Part 1 of a three‑part series on understanding VAT Most people have heard of VAT, but far fewer understand how it actually works in practice. This first article in the series covers the basics: What VAT is, who pays it,…

VAT Basics Part 2

Part 2 of a three‑part series on understanding VAT In the first part of this series, we looked at the basic principles of VAT and how it flows between businesses and HMRC. Now we’re moving on to the next big question:…