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If you export, your VAT return is not a bill. It is a claim — and it is built from the half of the ledger we do not keep.

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Answer Summary

VAT is 12.5% and returns are bi-monthly. With zero-rating as broad as it is here, many registered businesses are in a standing credit position — filing claims, not payments. That makes input tax the number that matters, and it is the number we do not hold.

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