Sales Tax

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Known as VAT (Value Added TaxA fee imposed by a government on personal or corporate incom... More) in the UK. A taxA fee imposed by a government on personal or corporate incom... More based on the cost of a productThe result of a manufacturing or natural process (such as fo... More or service which must be paid by the buyer. This taxA fee imposed by a government on personal or corporate incom... More does not apply to all goods or services.