I thought its was just a 20% tax on all purchases, but after watching a YouTube video on it, it seems more convoluted than that
In: Economics
You’ll need to be more specific with your question or at least link the video and explain what you don’t get about it.
VAT/sales tax In the UK is currently set in accordance with EU regulations.
https://en.wikipedia.org/wiki/Value-added_tax#European_Union
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