Home Glossary VAT

What is VAT?

Value Added Tax is a consumption tax charged on most goods and services in the UK and Europe, and in some other countries. Businesses need to register for VAT so they can reclaim VAT on any goods or services they have purchased, and so they can collect it when they sell products or services to a customer.


A supplier may ask to see your VAT registration as proof you are a genuine reseller.

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