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VAT
Value-Added Tax is a tax which is progressively added during the process of manufacturing goods.
You typically pay "VAT" when purchasing materials and collect it when selling goods, operating as an unpaid tax collector for the government.
Sales Tax can be handled quite easily: If you sell to businesses then you charge tax at 0%.
Data Technologies Ltd, Gothic House, Barker Gate, Nottingham, NG1 1JU, United Kingdom
www.suitemaker.com
Tel +44 (0)870-122-0667
info@suitemaker.com
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