From 1 December 2008 the rate of VAT is being cut to 15%. The cut will last for 13 months until the end of 2009. It means a £1,000 Christmas shopping spree would cost a mere £25 less. But this ...
The letters VAT stand for Value Added Tax. This is a tax added on to the price of lots of the things that you can buy. Most shops include VAT in their prices. So the price you see on the label is the ...
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