VAT is a tax on all sales, this money goes to the government. In the UK, VAT is charged at a rate of 17.5%, so if you want to sell something and get £100 profit, then you need to sell it for £117.50 to allow for giving money to the government for VAT.
What is VAT?
Miscellaneous Forums/General Discussion/What is VAT?The forum is locked. These are the original blitzbasic.com forums, kept so they can still be read. No new topics, replies or edits can be made here. To join in, head over to the Blitz3D+ forums.