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British Airways > Value Added Tax (VAT), Merchandise In Baggage (MIB) and CARNET. > Flashcards

Value Added Tax (VAT), Merchandise In Baggage (MIB) and CARNET. Flashcards

1
Q

What does VAT stand for?

A

Value Added Tax.

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2
Q

What is VAT?

A

Tax added by the government to most good and services.

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3
Q

Customers can claim for anything except for:

A

Goods bought online or mail order.
Consumable goods you have already started using.
Unmounted gemstones
Goods that need an export license

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British Airways (8 decks)

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