воскресенье, 24 июня 2018 г.

Lesson 7. VAT-Value Added Tax

This is money added to the prices of goods and service. This money is collected by the government.
The usual rate of VAT is 17.5%. Fuel for homes is charged at a lower rate of 5%. Some things like books are zero-rated. This means there is no VAT on books.

EXAMPLE:

A TV costs £500 + VAT at 17.5%.

How much does the TV cost?
Test lesson 7
Other lessons:

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