Business Terms and Jargon Explained

What is Import VAT

Tax Definition:-

The VAT chargeable on imported goods. For the purposes of VAT, the value of imported goods includes any other taxes or duties charged at import.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-12 15:36:56

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