when was vat first introduced in the uk
Value-added tax in the United Kingdom Value-added tax[1] or value added tax[2] (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.