This article provides an overview of the background and changes to the Value Added Tax (VAT) introduced into the UK in 1973. The main economic effects of VAT, its distributional impact and the cost of administration and compliance are examined. The article concludes with an assessment of the likely future direction of VAT.
"The UK Experience with VAT,"
Revenue Law Journal:
2, Article 1.
Available at: http://epublications.bond.edu.au/rlj/vol3/iss2/1