Value-added tax in the United Kingdom
OVERVIEW ABOUT THE VALUE ADDED TAX IN THE UNITED KINGDOM
Value Added Tax (United Kingdom); UK VAT; Value-added tax (United Kingdom); UK Value Added Tax; VAT in the United Kingdom
In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994.