VAT is a tax that is charged on some goods and services. You may have to register for VAT with HM Revenue & Customs if your turnover is more than £77,000 per year.
VAT is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK. It's also charged on goods and some services that are imported from countries outside the European Union (EU), and brought into the UK from other EU countries.
VAT is charged when a VAT-registered business sells to either another business or to a non-business customer.
When a VAT-registered business buys goods or services they can generally reclaim the VAT they have paid.
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