VAT - or Value Added Tax - is a tax charged by VAT-registered businesses on the supply of most goods and services.
If you are or become VAT-registered, you must charge VAT where appropriate on the goods or service you sell. However, you can also reclaim any VAT you have paid when buying things for your business.
This guide, through a series of simple interactive learning tools will help you and your business understand how VAT works, how to meet your VAT obligations, VAT registration and how to calculate VAT.
Please note: the VAT learning tools show ways of working out VAT that HM Revenue & Customs recommends. VAT rates can change, but if they do the calculation methods remain the same.