Frankly, the UK cannot afford a crash-out Brexit

Vat is an invisible tax for most of us. It’s built into the price of almost everything we pay for — clothing, fuel, and some foodstuffs along with many services, writes Brian Keegan

It’s a tax that is full of inconsistencies and anomalies. Vat is charged on a can of iced tea at 23%. Have a cup of tea in a café and the Vat rate is 13.5%. But when you buy tea bags in the supermarket, no Vat is included in the price.