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What is Value Added Tax (EU/UK VAT)
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What is Value Added Tax (EU/UK VAT)

Value Added Tax is a consumption tax added to the value of goods or services purchased in the European Union and United Kingdom. The specific rate of tax varies by country. As the name suggests the tax is added to the price of the product or service at the time of purchase and paid directly to the relevant tax authority.

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About Taxes like VAT (Value Added Tax)
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