Re: Moving on
In article <FAEBJHPJNNGCAGDNGLNPKEBMEEAA.firstname.lastname@example.org>, gary
>Sales tax is collected from the end user, while VAT is added all along the
>food chain. In theory, sales tax is only collected once.
Whilst VAT can be collected along the production chain it is, exactly
like sales tax, only paid by the end user.
If you are a business buying product from someone else then any VAT you
pay on those products can be reclaimed as "Input Tax" from the Inland
Revenue - but you should be able to obtain the products at prices
excluding VAT if you are not the end user.
There is a page explaining VAT and small businesses at
>[I say "in theory"
>because some used items get taxed when they are resold.]
Used items are VAT exempt.
Yes, Socrates himself is particularly missed;
A lovely little thinker, but a bugger when he's pissed.
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