Value Added Tax (VAT)

This is a consumption tax added to goods and services at each point in the supply chain where value is added, and is eventually paid by the end customer. All businesses in the UK with a turnover exceeding £85,000 (correct for tax year 22-23) must register for VAT.

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Raise can support both registered and non-registered businesses. It can also apply the correct treatment to cross border transactions.

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