UK VAT (value-added tax) was first introduced to the United Kingdom’s taxation system on the 1st of April 1973. The UK brought VAT in to replace “purchase tax” which was levied between October 1940 to March 1973.
UK VAT (value-added tax) was first introduced to the United Kingdom’s taxation system on the 1st of April 1973. The UK brought VAT in to replace “purchase tax” which was levied between October 1940 to March 1973.