Import Export Specialist Question: Download Import Export Specialist PDF
Tell me what is VAT?
Answer:
VAT is value added tax – in general terms VAT is payable on all imports at the same rate that would apply to the product or service if supplied in the UK . Many exports are zero-rated for VAT.
| Previous Question | Next Question |
| What is standard international trade classification (SITC)? | What is air waybill? |