vat calculator uk- fee calculator . Less & plus vat uk. The work out vat from gross . how to calculate vat inclusive.how to calculate vat exclusive.vat calculator for sale . calculate plus vat.
how much is vat on sale.
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
vat calculator uk- fee calculator
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.
The installation, repair and maintenance of renewable source heating systems. This means space or water heating systems which use energy from: renewable sources, including solar, wind and hydroelectric power; or near renewable sources, including ground and air heat