Book Description
When I started importing products to sell in the UK, I was confused about the different taxes involved. I had to pay customs duty(20%) when the goods arrived, but I wasn’t sure if I had to pay another 20% VAT on retail sales. I later learned they are separate, customs duty is not deducted from VAT, and once I crossed the £85,000 VAT threshold limit, I had to register for VAT in the UK. I used VATCalc.Onl to estimate my VAT amount, and this online tool made my process simple and gave me accurate instant results. https://vatcalc.onl/