What is VAT? Value Added Tax

Описание: What is VAT? Value Added Tax


In this informative video, we delve into the world of Value-Added Tax (VAT) and break down everything you need to know about this important taxation concept. Whether you're a business owner, a consumer, or simply curious about how VAT works, this video has you covered.

🔹 Key Topics Covered:

What is VAT and how does it work?
What is the VAT threshold?
Zero VAT rates
Calculating VAT: From net price to VAT-inclusive price
Making Tax Digital or MTD

Join me as we demystify VAT and provide you with practical insights that can help you navigate the world of taxation more effectively. If you find this video helpful, don't forget to like, share, and subscribe for more informative content on financial topics!

📚 Resources Mentioned:

Quickbooks
Xero

📌 Timestamps:

00:00 - Introduction
00:32 - What is VAT?
01:39 - VAT Threshold
02:18 - Zero Rated VAT
02:54 - Calculating VAT
04:06 - Making Tax Digital (MTD)
04:340 - Conclusion

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📧 Contact Information:
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[Disclaimer: This video is for informational purposes only and should not be considered financial or tax advice. Consult with a qualified tax professional for specific questions regarding your tax situation.]

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