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Understanding VAT Return Costs: Accountant Charges in the UK

VAT is a consumption tax imposed on the value added to goods and services at each stage of production or distribution. VAT-registered businesses are required to account for VAT on their taxable supplies and purchases, as well as submit VAT returns to HMRC. Failure to comply with VAT regulations can result in penalties, fines, and reputational damage for businesses.

https://www.globalfpo.com/blog..../understanding-vat-r

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