Explain the VAT consequences of a UK business: (a) buying goods from (or selling goods to) another
Question:
Explain the VAT consequences of a UK business:
(a) buying goods from (or selling goods to) another EU country
(b) importing goods from a non-EU country
(c) exporting goods to a non-EU country.
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VAT or Value Added Tax is a consumption tax that is applied to goods and services in the UK and the EU However the VAT consequences can change dependi...View the full answer
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