Tax Glossary
Welcome to the our Tax Glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.
VAT
Meaning Value Added Tax, it is charged on the supply of goods and services made in the course of a business by a taxable person. The legislation is quite complex and you should always seek professional advice.
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