With the news this week that, according to a KPMG survey, 60% of small businesses are unaware of reforms to European VAT rules due to be implemented on January 1st (read more here), we’ve put together a short list of 10 slightly more lighthearted facts about VAT and its history.

Have a read on our shiny new VAT calculator page here: https://www.clearbooks.co.uk/resources/calculator/vat

Let us know what you think of the changes in the comments….

 

Posted by Darren Taylor

One Comment

  1. VAT is known as tax assessed on the supply of goods and services . It will be charged to you at the time of payment.Food and drinks may . There are also Specific Vat rules that apply to certain business or trade that affect your account for VAT and how much value added tax you must pay and reclaim is written there.But this is not a job of a normal person you must hire a Quality Accountant who can look into these matters because accountant has the knowledge of all type of taxes as well as other legal accountancy concerns.

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