How Much Money Does VAT Generate The UK Government?

It’s no surprise that the UK government needs to raise funds to operate the country. Considering VAT applies to the vast majority of products and services bought and sold, it should also come to no surprise that it’s a massive …

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Where Should You Go For Advice On VAT?

Do you own a successful business? If you do there is a good chance you might already be thinking about registering for VAT. Even if you haven’t hit the current threshold for obligatory registration you may have decided it is worth …

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VAT Rates Around The World

VAT is a form of “consumption tax”. It is charged on goods and services and in some countries is known as GST – Goods and Services Tax. The first country to introduce VAT in 1954 was France and it now …

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The Curious Case Of The Jaffa Cake

The next time you look at a pack of Jaffa Cakes, you may think about them slightly differently – and you may be glad that the price isn’t a teeny bit higher. You see, there was a famous (or perhaps …

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