VAT Compliance
Tax compliance is the ability and willingness of taxpayers to abide by the tax laws, report their income accurately and pay the appropriate taxes on schedule. Businesses and traders are typically entangled with value-added tax (VAT) amongst the various UK indirect taxes. In 2021/22, £143 billion of UK’s taxes were collected from VAT.
- What are the consequences of non-compliance?
- Vertex VAT Compliance
Source: Vertex
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