The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s VAT and customs regime. This document contains guidance on subjects potentially impacted by these changes. Before continuing your research, see the Brexit — overview guidance note.
The default rate of VAT for supplies of goods and services in the UK is the standard rate (which is currently 20%).
However, certain goods and services are not subject to this default rate of VAT and instead the supply may be exempt, zero-rated (0%), reduced-rated (5%) or outside the scope of VAT.
The table below summarises the VAT treatment of a number of key types of supply which are not subject to the default standard-rating:
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