VAT & its numerous Quirks & Foibles
25 September 2019
Quick insight into the complexities of VAT.
To read more about the Jaffa Cake case and the Pasty Tax, click on our article The Numerous Quirks and Foibles of VAT.
Critics have called VAT excessively complicated but, from the Government's point of view, it brings in over 21% of the UK's total annual tax revenue. So, although its simplification has long been called for, it doesn't seem likely to happen any time soon.