What rate is VAT charged at?
The standard rate of VAT is 21%, which applies to all goods and services that are not exempt or liable at the zero or reduced rates The first Reduced rate of VAT is 13.5%, which applies to certain fuels, buildings and building services, certain newspapers etc. The second Reduced rate of VAT is 4.3%, which applies to livestock, live greyhounds and the hire of horses. The third reduced rate of VAT is 0%, which is for zero-rated goods and services, which include exports, certain food and drink, oral medicine, certain books etc. There are also some exempted goods and services, which include financial, medical and educational activities. If you need further information on the rate at which VAT is charged on goods or services please contact FIXMYTAX.COM.
