Business Terms and Jargon Explained

What is Value added tax (VAT)

An indirect tax in the UK on goods and services. A business will need to register for VAT. This tax is administrated by Her Majesty's Customs and Excise.

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Act Bona vacantia Warrant of arrest
Trade Debtors Fringe time General lien
Depreciation Continental Shelf Quality control
Donee Adjourn Deferment Account
Perjury PRODCOM County Court Judgement
Capital intensity Lien Trustee
HMI Customs Action Text Optimist
Consideration Apportionment 24/7/365
Regulations - EU Warrant N150 Civil Court form
Marketing economies Non-Status Mortgage Insider Threat
Cartel Stakeholder Bonded Goods
Corporate Officers Abscond Crown Court

Term created / updated 2005-07-16 23:12:15

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