VAT (Value Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production and distribution. In the United Kingdom, VAT is currently set at a standard rate of 20%, although certain goods and services are subject to reduced rates or exemptions. A VAT tax refund, also known as VAT reclaim or VAT recovery, allows businesses to recover VAT they have paid on eligible expenses. To get additional details, visit our website now!
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