Low aspect ratio plasmas in devices such as the mega ampere spherical tokamak (MAST) are characterized by strong toroidicity, strong shaping and self fields, low magnetic field, high beta, large plasma flow and high intrinsic E × B flow shear. These characteristics have important effects on plasma behaviour, provide a stringent test of theories and scaling laws and offer new insight into underlying physical processes, often through the amplification of effects present in conventional tokamaks (e.g. impact of fuelling source and magnetic geometry on H-mode access). The enhancement of neoclassical effects makes MAST ideal for the study of particle pinch processes and neoclassical resistivity corrections, which can be assessed with unique accuracy. MAST data have an important influence on scaling laws for confinement and H-mode threshold power, exerting strong leverage on the form of these scaling laws (e.g. scaling with aspect ratio, beta, magnetic field, etc). The high intrinsic flow shear is conducive to transport barrier formation by turbulence suppression. Internal transport barriers are readily formed in MAST with both co- and counter-NBI, and electron and ion thermal diffusivities have been reduced to the ion neoclassical level. The strong variation in toroidal field (∼ × 5 in MAST) between the inboard and outboard plasma edges, provides a useful test of edge models prompting, for example, a comparison of inboard and outboard scrape-off-layer transport to highlight magnetic field effects. Low aspect ratio plasmas are also an ideal testing ground for plasma instabilities, such as neoclassical tearing modes, edge localized modes (ELMs) and Alfvén eigenmodes, which are readily generated due to the supra-Alfvénic ion population. Examples of how MAST is providing new insights into such instabilities (e.g. ELM structure) are described.