A VAT is similar to a sales tax, but it is collected differently, with the government getting paid at different points along a product’s supply chain. Let’s say you live in the U.S. and buy a ...

Value-added tax (VAT) is a tax on products or services. Consumers pay the VAT, which is typically a percentage of the sale price. The U.S. does not have a VAT.

U.S. President Donald Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with the rest of the world. The 170-plus countries who charge VAT ...

When it comes to paying income tax, there aren't any differences in the tax rates you pay compared with employees. You can use our income tax calculator to find out how much you'll pay. In 2025-26, ...