[Home]VAT

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Value Added Tax.

Originally a tax on luxury items.  Currently 17.5% for most things, although there is a 5% rate for some stuff, and 0% for the (very few) things that the Government? still decrees aren't luxuries.
Shelter, milk and bread.  Anything else is a luxury.  --Vitenka (Not that I dislike luxury...)
...children's clothing, cake...
Books.

There is a difference between items on which VAT is charged at 0% (zero-rated) and items to which VAT does not apply at all. [Insert more details here].
There is?  InlandRevenue is mysteeeerious.  --Vitenka
It's the EU? (or perhaps EEC?) you have to blame for that.



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Last edited October 15, 2003 12:59 pm (viewing revision 6, which is the newest) (diff)
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