VAT stands for value-added tax. As the name suggests, it’s collected at any time value is added to a product. Businesses generally have to pay VAT to Her Majesty’s Revenue & Customs (HMRC) when they sell or hire out goods or services. There are some exceptions, such as sales outside the UK. But for many businesses, VAT applies to every sale https://tribocon.co.uk/outsource-vat-return-services