An A to Z of Tax from...

Tax Glossary



Welcome to the Taxbuddies glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.

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Click on a letter to show entries


VAT : Meaning Value added Tax, it is charged on the supply of goods and services made in the course of a business by a taxable person. The legislation is quite complex and you should always seek professional advice.