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( , Sun 1 Apr 2001, 1:00)
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VAT is a tax paid by companies when they sell goods rather than a tax paid by consumers buying goods.
Of course it can be argued that consumers effectively pay VAT because companies account for VAT when determining what prices to charge for goods but it's the companies, not the consumers, that the tax man will be looking to recover VAT from.
( , Mon 1 Dec 2008, 18:35, Reply)
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