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| The principal indirect taxes are value added tax (VAT), Community customs duty (including agricultural levies and refunds), excise duties and insurance premium tax (IPT). These now form a separate tax specialism. Indirect taxation contributes billions towards government revenue. VAT and duties are part of a harmonised system throughout the European Union. The relevant law is found not only in UK statute but in the European treaties, regulations and directives and the decisions of the European Court of Justice.
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