How VAT Works - Search Videos

VAT - Exempt / Zero Rated / Outside Scope / 20% / 5%.... how many rates are there?

YouTubeSarah Harkness

VAT - Exempt / Zero Rated / Outside Scope / 20% / 5%.... how many rates are there?

How many different VAT rates are there? How much VAT should I charge? What's the difference between Zero Rated or 0% VAT and Exempt from VAT? What is outside the scope of VAT? Why are there so many different VAT rates? Remember the 'Jaffa Cake' VAT battle with HMRC - whether Jaffa Cakes are VATable or not? Nope? Don't worry - it's not that ...

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