Are Books Zero Rated Vat

Printed matter liable at the zero rate the zero rate of vat applies to printed books and booklets including.

Are books zero rated vat. Zero rated goods may include certain food items goods sold by charities equipment such as wheelchairs for the disabled medicine water books children s clothing etc. Zero rating books and printed matter vat notice 701 10 1. In the uk the normal vat on goods are 17 5 but since vat is a hidden tax there is no way to identify whether a good is zero rated or not.

Books vat. This means they. The words in group 3 are used in their ordinary everyday sense.

The following electronically supplied products are now eligible for the zero rate of vat. They may be printed in any language or characters including braille or. Zero rating of books etc.

The format of the group 3 items. Food and drink. You still have to record them in your vat accounts and report them on your vat.

Zero rated means that the goods are still vat taxable but the rate of vat you must charge your customers is 0. For example the printing of books is zero rated while the printing of newspapers is liable to vat at the second reduced rate. The vat rate chargeable for printing depends on the publication product being printed.

Items that are entitled to the vat zero rate. You can read more about vat on goods sent overseas. Sections 1 to 8 of this notice explains the nature of and the circumstances when you can zero rate books.