VAT explained (with the help of some special effects)
HM Revenue & Customs (HMRC) has released a short online video presented by Dan Snow which explains the basics of Value Added Tax (VAT). It contains a quick-fire introduction to the subject, followed by a case study in which owners of a special effects company discuss their own experiences of it.
So whether your company’s earnings are starting to reach the VAT threshold or you simply want to know a bit more about it, then this video’s for you.
To watch it, simply visit businesslink.gov.uk/taxhelp, go to the bite-size video section and scroll down the list until you find the video entitled VAT. There are nine other videos in the series, all of which give easy-to-follow overviews on a whole range of common tax issues, so why not check them out as well?