Value Added Tax

What is Value Added Tax (VAT)?

Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services. Every Member State of the European Union has a Value Added Tax (VAT).

To whom does VAT apply?

Value Added Tax (VAT) applies to all individuals and companies based in the European Union.

Where can I find more information?

For additional information, see Wikipedia's article on Value Added Tax