Value Added Tax (VAT) & the Arts

Value added tax (VAT) was introduced into the UK on 01 April 1973 as a requirement of membership of the European Union (EU).

VAT is a tax on consumer expenditure and is collected on business transactions and imports. The essence is to charge VAT at each stage in the supply of goods and services (output tax). Read on to find out more…

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VAT and the Arts Guide