This book provides a light-hearted but comprehensive overview of working with VAT using real-life examples, humorous illustrations and non-technical writing. Avoiding the confusing legal language used by experts, it explains how you can work smoothly with VAT. Its jolly character, Vatman, guides you in dealing with VAT in a practical, insightful and humorous manner. Step-by-step, WORKING WITH VAT introduces you to this new system of taxation, shows you how to register for it, and how to calculate and pay for it – without tears! More than a hundred frequently asked questions on VAT are answered in this book and it contains the basic list of all Vatable goods. This volume presents the latest developments that have taken place after the introduction of VAT on 1^st April 2005.