About: Value-added tax in the United Kingdom

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In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994.

Attributes	Values
rdf:type	Thing
rdfs:label	Value-added tax in the United Kingdom (en)
rdfs:comment	In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994. (en)
rdfs:seeAlso	Missing trader fraud
dcterms:subject	Value-added tax (United Kingdom)
Wikipage page ID	34027706 (xsd:integer)
Wikipage revision ID	1109817750 (xsd:integer)
Link from a Wikipage to another Wikipage	Cameron–Clegg coalition Coronavirus Pandemic in the UK 2010 United Kingdom general election David Cameron Denis Healey Double taxation Income tax Indirect tax Jaffa Cakes Tax evasion 1992 United Kingdom general election Community charge Conservative Party (UK) National Insurance Purchase Tax Geoffrey Howe George Osborne Goods and Services Tax (Australia) Goods and Services Tax (Canada) Gordon Brown Play.com Anthony Barber Liberal Democrats (UK) Demolition Personal protective equipment 1997 United Kingdom general election COVID-19 pandemic W H Smith Value Added Tax Act 1994 2015 United Kingdom general election Alistair Darling Amazon.com European Economic Community European Union Emission Trading Scheme Parliament of the United Kingdom Goods and Services Tax (India) Goods and Services Tax (New Zealand) Goods and Services Tax (Singapore) Progressive tax Red tape Revenue HM Revenue and Customs Tesco Value-added tax (United Kingdom) Asda Chancellor of the Exchequer Channel Islands Labour Party (UK) Regressive tax March 2020 United Kingdom budget Office for National Statistics Woolworths Group (United Kingdom) World War II Carousel fraud Tax avoidance Norman Lamont, Baron Lamont of Lerwick HMV Group Finance Act 2016 Chocolate teacake Wholesale price Late-2000s recession Sales tax in the United States dbr:Value_Added_Tax_Regulations_1995
Link from a Wikipage to an external page	https://www.gov.uk/topic/business-tax/vat
sameAs	Value-added tax in the United Kingdom Value-added tax in the United Kingdom
dbp:wikiPageUsesTemplate	dbt:Clarify dbt:Frac dbt:Reflist dbt:See_also dbt:Use_British_English dbt:Use_dmy_dates dbt:Column dbt:Columns-end dbt:Columns-start dbt:Update_section dbt:UKtaxation
has abstract	In the United Kingdom, the value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994. VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the UK. The default VAT rate is the standard rate, 20% since 4 January 2011. Some goods and services are subject to VAT at a reduced rate of 5% (such as domestic fuel) or 0% (such as most food and children's clothing). Others are exempt from VAT or outside the system altogether. VAT is an indirect tax because the tax is paid to the government by the seller (the business) rather than the person who ultimately bears the economic burden of the tax (the consumer). Opponents of VAT claim it is a regressive tax because the poorest people spend a higher proportion of their disposable income on VAT than the richest people. Those in favour of VAT claim it is progressive as consumers who spend more pay more VAT. (en)
prov:wasDerivedFrom	wikipedia-en:Value-added_tax_in_the_United_Kingdom?oldid=1109817750&ns=0
page length (characters) of wiki page	32185 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Value-added_tax_in_the_United_Kingdom
is Link from a Wikipage to another Wikipage of	Scottish Parliament List of United Kingdom Supreme Court cases 2020 in United Kingdom politics and government Betfred David TC Davies John Smith (Labour Party leader) Rishi Sunak Value-added tax Value Added Tax (United Kingdom) March 2021 United Kingdom budget 1989 United Kingdom budget Monarchy of the United Kingdom

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