There is a VAT threshold for every small business that is set by HMRC and can vary. Once taxable income exceeds the value set for any given financial year, businesses must register for VAT. Failure to ...

HMRC collect Value Added Tax (VAT) through charging VAT at the point of sale on most goods and services in the UK. Businesses registered for VAT can charge VAT on their sales of goods and services, ...

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started. By Jenny Gross and Keith Bradsher Jenny Gross reported from London, ...