Value-added taxes (VAT), which are a type of consumption tax, are major sources of revenue for countries in the Organization for Economic Co-operation and Development (OECD), among other regions.

You probably know about VAT. VAT stands to represent Value Added Tax. Every purchase you make of a product or service as a customer will incur VAT. VAT can be confusing for a business owner. But it is ...

Unlike other taxes, VAT is collected on behalf of HMRC by registered businesses. Once you’re registered for VAT, you must charge the applicable rate of VAT on any services you provide, or products you ...

For many small business owners, dealing with tax-related issues is quite possibly on a par with going to the dentist. It’s something you’d rather not have to attend to but you know there are ...