Output VAT Rates. VAT is usually charged at the standard rate of 20% in the UK. However, different rates apply in certain cases: Zero-rated – 0% VAT is charged on basic food, books, and children’s ...

There has been a long-standing principle that UK VAT exemptions are applied narrowly but could the new government’s very high-profile decision to remove the exemption for supplies of education ...

VAT is a tax added to most products and services, of which the standard rate is 20% in the UK. VAT-registered businesses can claim back VAT spent on goods and services used wholly for business ...

The removal of the VAT exemption is UK-wide, but each nation will decide how to spend the additional money received. The government estimates that the policy will raise an extra £460m in the 2024 ...