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- Standard Rate – 20%
Applies to most goods and services, including electronics, adult clothing, and restaurant meals.
- Reduced Rate – 5%
Applies to specific goods and services such as:
- Children’s car seats
- Domestic energy (e.g., gas and electricity for residential use)
- Sanitary products
- Certain mobility aids for older people
- Zero Rate – 0%
Applies to essential items like:
- Most food items
- Children’s clothing and footwear
- Printed books and newspapers
- Public transport fares
- Exempt Categories (outside the VAT system)
Includes services such as:
- Education
- Healthcare
- Insurance
- Financial services
- Certain cultural services (e.g., museum admissions)
VAT Registration Threshold (2025)
- Businesses must register for VAT if their taxable turnover exceeds £90,000 in a 12-month rolling period.
- The de-registration threshold is £88,000.
Notes
- These rates have remained stable since 2011.
- The UK government periodically reviews VAT structure, but no new rates have been introduced for 2025 as of now.
- Zero-rated goods still require VAT accounting and reporting, even though no VAT is charged to the customer.