Value Added Tax is charged on almost all products and services provided in the UK. The current standard rate is 20%. If your business becomes VAT-registered, you will charge VAT on all invoices you submit to your clients.
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register for vat
If you have registered for VAT, you may well have to wait a month, or more before your application has been processed, and you receive a VAT registration number. A commonly asked question by many business owners is how to account for VAT and issue invoices in the interim?
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