A Quick Guide to VAT, History and How to Calculate It

A Quick Guide to VAT, History and How to Calculate It

In this episode of The Everyday Tax Talk, host Lana Rose breaks down VAT (Value Added Tax) in the UK—what it is, a brief history of how it started in 1973, and how you can easily calculate it whether you're a business owner or just curious. Learn the difference between standard, reduced, and zero rates, and understand when and why VAT is charged. We’ll also introduce a helpful free tool a simple online VAT calculator [https://calcvat.uk] that makes adding or removing VAT quick and easy. ✅ Perfect for small business owners, freelancers, and anyone interested in UK tax basics. 🎧 Tune in for tax talk made simple!