£ 276 plus vat - vat calculator Original Cost = 276 | VAT % = 20 | VAT Price = 55.2 | Net Price = 331.2
work out vat from gross . how to calculate vat inclusive.how to calculate vat exclusive.vat £ 276 for sale . calculate plus vat.
how much is vat on £ 276 .276 + vat . remove vat :
exempt vat items uk :
Food and drink, animals, animal feed, plants and seeds
Food and drink for human consumption is usually zero-rated but some items are always standard-rated. These include catering, alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water.
Restaurants must always charge VAT on everything eaten either on their premises or in communal areas designated for their customers to use, such as shared tables in a shopping centre or airport food courts.
In addition, restaurants and takeaway vendors must charge VAT on all hot takeaways and home deliveries, but don’t need to charge VAT on cold takeaway food unless it’s to be eaten in a designated area.
Certain animals, animal feeding products, plants and seeds also qualify for the zero-rate, but only if the conditions in the following VAT Notices are met, however products packaged as pet food are standard rated.
VAT rates uk for goods and services
Rate % of VAT What the rate applies to
Standard 20% Most goods and services
Reduced rate 5% Some goods and services, eg children’s car seats and home energy
Zero rate 0% Zero-rated goods and services, eg most food and children’s clothes
The standard rate of VAT increased to 20% on 4 January 2011 (from 17.5%).
Some things are exempt from VAT, eg postage stamps, financial and property transactions.
For more information visit :www.gov.uk