VAT is one of those taxes that looks simple… until it punches you in the face with a Jaffa Cake.

Zero rated, exempt, reduced rate, outside the scope, partial exemption, reverse charge… and somehow a flapjack can cause more debate than the Budget.

It’s a tax full of traps where two things that look almost identical can have completely different treatments. One mistake can mean underpaid VAT, overpaid VAT, penalties, or money left on the table.

That’s why VAT catches out business owners, bookkeepers, and even accountants.

Think you know your stuff?

I’ve put together a VAT quiz packed with the kind of questions that make people question everything they thought they knew.

Have a go and see whether you’re a VAT genius… or about to be humbled by a pork scratching.