<P> Value - added tax or value added tax ( VAT ) is a consumption tax levied in the United Kingdom by the national government . It was introduced in 1973 and is the third - largest source of government revenue , after income tax and National Insurance . It is administered and collected by HM Revenue and Customs , primarily through the Value Added Tax Act 1994 . </P>
<P> Value - added tax or value added tax ( VAT ) is a consumption tax levied in the United Kingdom by the national government . It was introduced in 1973 and is the third - largest source of government revenue , after income tax and National Insurance . It is administered and collected by HM Revenue and Customs , primarily through the Value Added Tax Act 1994 . </P>
when was vat first introduced in the uk
when was vat first introduced in the uk
1973
1973