This guide will provide you with essential information about VAT (Value Added Tax) and how it affects your business transactions.
What is VAT? VAT is a consumption tax applied to the supply of goods and services. It is levied at each stage of the supply chain, where value is added.
VAT Rates VAT rates vary depending on the type of goods or services provided. Common VAT rates include standard, reduced, and zero rates.
VAT Registration If your business exceeds a certain turnover threshold, you may need to register for VAT.
VAT Returns You are required to submit VAT returns regularly, detailing the VAT you have charged and paid.
VAT Refunds If you are a business and buy goods or services in another EU country, you may be able to claim a VAT refund.
For more detailed information, please visit our VAT Calculator page to understand how VAT affects your business transactions.