The question seems simple doesn’t it, yet we often see organisations that are not paying the right amount of Value Added Tax (VAT). So, to help you understand the key factors involved to answer this question, let’s take a look at the detail. VAT is a levy on the sale of certain goods or services by UK businesses and is currently set at 20%. Businesses that undertake industrial activities that fall under division 1-5 under the 1980 Standard Industrial Classification (SIC)…