The word VAT can send shivers down the spine of many business owners but with LYEL Accountants, you don’t have to worry!

What is VAT?

VAT or Value Added Tax is collected by business on behalf of the government. It is a tax on the sale of goods and services in the UK. The current rate of VAT is 20% but there are some products such as energy saving measures which have a reduced rate of 5%.

If you would like more information regarding this, get in touch with us on 0113 436 0002 or use the form below.

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