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Old 04-10-2007, 08:11 PM   #45
DanaC
We have to go back, Kate!
 
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
We have VAT. It's charged on trasactions and services. Some stuff is zero rated (Books in the UK are zero rated for VAT purposes. Also zero-rated are newspapers, journals and periodicals; printed music and maps and charts and doesn't apply to services such as insurance, some types of education, training and loans) and some stuff is 'reduced rate', like household fuel and sanitary towels (reduced rate is 5%) Most goods and services however incur the full rate of 17.5%.
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