<p>Explains the basic rules that allow businesses to claim VAT from HMRC. &nbsp; And also - and not for the faint of heart - introduces the concept of "exempt input tax" and partlal exemption.&nbsp; &nbsp;You'll need a strong coffee for this one!</p>

Explains the basic rules that allow businesses to claim VAT from HMRC. &nbsp; And also - and not for the faint of heart - introduces the concept of "exempt input tax" and partlal exemption.&nbsp; &nbsp;You'll need a strong coffee for this one!

When businesses can claim VAT from HMRC and an introduction to partial exemption

<p>In this opening episode, we explain how the VAT system works and how the different types of sales - or supply - affect how much VAT you pay to HMRC.</p>

In this opening episode, we explain how the VAT system works and how the different types of sales - or supply - affect how much VAT you pay to HMRC.