Standard rate is 20%. This applies to most supplies of goods and services in the UK.

Reduced rate of 5%. This applies to supplies of electricity and gas supplied to domestic accommodation. Also, a number of developments and approved works under the urban regeneration initiative can use this rate.

Zero rate of 0%. This applies to a number of supplies including e.g. books, magazines, children's clothes and footwear, sale of certain cold food, approved alterations to listed buildings.

There are also specific exemptions from VAT e.g. certain supplies of insurance, finance services, education, health and welfare, sports, land etc.

These are only a few examples of the items within each rate and types of rates that currently apply. If you have a particular query on what VAT rates applies to you, please email: advice@vatconsulting.co.uk