ABSTRACT
VAT is an indirect tax on the supplies of goods and services including the importation of goods outside the EC. The tax is collected at each stage of production or distribution. The burden falls on the final consumer of the goods or services. However, all those involved in the chain of production between the manufacturer and the retailer are first charged VAT and then pass it on to the next person in the chain. Customs and Excise are responsible for the administration of the tax.
