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A brief on VAT (Value Added Tax) What is VAT? VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against

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2020/03/24· The Value-Added Tax (VAT) rates database provides an extensive list of products and services which can be browsed, navigated via the A to Z links or searched using the search box. The VAT treatment indicated in the VAT rates database is based on current practice and is updated regularly.

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2014/12/19· Zero-rated means that the goods are still VAT-taxable but the rate of VAT you must charge your customers is 0%. You still have to record them in your VAT accounts and report them on your VAT Return.