BBC News | In Depth | tax | World EditionVisit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC News provides trusted World and UK news as well as local and regional perspectives. Also entertainment, business, science, technology and health news.How Value Added Tax works- September 23, 2005 Value Added Tax (VAT) is levied on most business transactions and on many goods and some services.http://news.bbc.co.uk/go/rss/-/2/hi/business/2966814.stm |