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VAT In The UK Celebrates Its 50th Anniversary

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VAT In The UK Celebrates Its 50th Anniversary


VAT in the UK is 50 years old this month. VAT is one of the highest yielding taxes for the UK government with official government statistics that over £150 billion of UK VAT was collected last year, being around 16% of total tax receipts. This compares to circa £68 billion for corporation tax and…

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