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Hard working LOW INCOME families are 450 quid a year worse off as a result of the VAT rise.

so it's 2.5% wasn't it - so how much "luxury" spending are they doing a year on their low income.

Is it £18,000 a year on tat (adult clothes, computers, etc?)

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Hard working LOW INCOME families are 450 quid a year worse off as a result of the VAT rise.

so it's 2.5% wasn't it - so how much "luxury" spending are they doing a year on their low income.

Is it £18,000 a year on tat (adult clothes, computers, etc?)

Everybody has been classified as low income. Did you not get the memo? 18k take home is about 23k per year gross. I have noticed recently that there appears to be some lefty media agenda to braInwash the general public into believing that everyone is low paid.

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Everybody has been classified as low income. Did you not get the memo? 18k take home is about 23k per year gross. I have noticed recently that there appears to be some lefty media agenda to braInwash the general public into believing that everyone is low paid.

They're saying that's the amount they spend on VAT not income total...

This is my point.

If you earn 18k a year (above NMW) then you do not have 18k to spend on tat.

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Isn't it £21600 on VAT-able goods? £450 * 2.5/120

And when you take into account the effect the income tax allowance change, the low paid are not so badly affected. It is those who don't earn a taxable wage and those on these so called middle incomes who are 'suffering' a sudden dose of reality

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Everybody has been classified as low income. Did you not get the memo? 18k take home is about 23k per year gross. I have noticed recently that there appears to be some lefty media agenda to braInwash the general public into believing that everyone is low paid.

I have some sympathy with the left. Those in power need to break up cartels and monopolies, wherever they exist. The limit of 11 footballers on a pitch has enabled that group to grab extortionate wages. I jest a little, but you need to do something when small groups of people like CEO's can grab so much cash for themselves. Very high rates of tax for the mega earners, and a land value tax, seem like a good way to redistribute income.

Because due to the growing uneven distribution of income, the mean wage is going to be somewhat higher than the median wage in the UK, so those lefties are correct in saying that there are many more low paid workers, at least in relative terms, relative to that mean wage.

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They're saying that's the amount they spend on VAT not income total...

This is my point.

If you earn 18k a year (above NMW) then you do not have 18k to spend on tat.

VAT is insidious.

Your food goes up because of it due to the increase in costs in other areas...etcetera etcetera

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VAT is on pretty much everything other than kids clothes, non-takeaway food and gas and leccy bills, so I think adult clothes, petrol, car insurance, all other household bills would be included - so not exactly tat.

If you've got a family with both parents on 20k, I'd say that's still a low income family. Between them, spending 18k on all the things above doesn't sound too far fetched. I don't think 'low income' necessarily means 8 kids sharing a bedroom and only an outside toilet between them...

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VAT is on pretty much everything other than kids clothes, non-takeaway food and gas and leccy bills, so I think adult clothes, petrol, car insurance, all other household bills would be included - so not exactly tat.

If you've got a family with both parents on 20k, I'd say that's still a low income family. Between them, spending 18k on all the things above doesn't sound too far fetched. I don't think 'low income' necessarily means 8 kids sharing a bedroom and only an outside toilet between them...

rent is not VATed,

Fuel vat - has this gone up 0.5%? (I think it used to be 4.5% ...? Could be wrong though)

http://www.hmrc.gov.uk/vat/forms-rates/rates/goods-services.htm#1

Goods or services VAT rate More information

Physical education and sports activities exempt VAT Notice 701/45

Leisure Goods or services VAT rate More information

Betting and gaming - including pool betting and games of chance exempt VAT Notice 701/26

Bingo - including remote games played on the Internet, telephone, television or radio exempt VAT Notice 701/27

Lottery ticket sales exempt VAT Notice 701/28

Online lottery games exempt VAT Notice 701/28

Retailer commission on lottery ticket sales exempt VAT Notice 701/28

Culture Goods or services VAT rate More information

Admission charges by public authorities or eligible cultural bodies to certain cultural events such as visits to museums, art exhibitions, zoos and performances exempt VAT Notice 701/47

Antiques Goods or services VAT rate More information

Antiques, works of art or similar (as assets of historic houses) sold by private treaty to public collections exempt VAT Notice 701/12

Antiques, works of art or similar (as assets of historic houses) used to settle a tax or estate duty debt with HMRC exempt VAT Notice 701/12

Top

Health, education, welfare and charities

Charities Goods or services VAT rate More information

Admission charges by charities exempt How VAT applies to charities

Advertising services for charities 0% VAT Notice 701/58

Certain goods sold at charitable fundraising events 0% Charity fund-raising events and VAT

Charitable fundraising events exempt Charity fund-raising events and VAT

Charity shops - selling donated goods 0% Charitable donations and VAT

Construction and sale of new buildings for a relevant charitable purpose 0% VAT Notice 708

Energy saving materials permanently installed in residential or charity premises (but not including institutions such as prisons, hospitals etc.) 5% Energy saving materials - supply only - are standard-rated

VAT Notice 708/6

Sponsored charitable events exempt Charities and VAT

Voluntary donations to charity outside the scope of VAT Donations to charities

Welfare Goods or services VAT rate More information

Building services for disabled people 0% Notice 701/7 VAT reliefs for disabled people

Burial or cremation of dead people, or burial at sea exempt VAT Notice 701/32

Mobility aids for the elderly 5% Mobility aids for older people

Equipment for blind or partially sighted people 0% Equipment for blind or partially sighted people

Equipment for disabled people 0% Equipment for disabled people

Funeral plans written under contracts of insurance exempt VAT Notice 701/36

Smoking cessation products - nicotine patches and gum 5% Read Budget Note BN77 (PDF 42K)

Welfare services provided by charities at significantly below cost outside the scope of VAT VAT Notice 701/1

Talking books and vision aids for blind people 0% Aids for blind people

Health Goods or services VAT rate More information

Care or medical treatment provided by a qualifying institution like a hospital, hospice or nursing home exempt VAT Notice 701/31

Dispensing of prescriptions by a registered pharmacist 0% VAT Notice 701/57

Health services provided by registered doctors, dentists, opticians, pharmacists and other health professionals exempt VAT Notice 701/57

Incontinence products 0% VAT Notice 701/7

Maternity pads 5% VAT Notice 701/18

Sanitary protection products 5% VAT Notice 701/18

Low vision aids 0% Equipment for blind or partially sighted people

Education Goods or services VAT rate More information

Education, vocational training, research and other connected services provided by an eligible body like a school, college or university exempt VAT Notice 701/30

Top

Power, utilities, energy and energy saving, heating

Power Goods or services VAT rate More information

Electricity for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Gas for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Heating oil for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Solid fuel for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Utilities Goods or services VAT rate More information

Cesspools, septic tanks or similar (domestic) - emptying 0% Emptying industrial cesspools, septic tanks or similar is standard-rated

VAT Notice 701/16

Sewerage services supplied to domestic or industrial customers 0% Sewer and drain cleaning, unblocking or maintenance is standard-rated

VAT Notice 701/16

Water supplied to households 0% Water supplied to industrial customers is standard-rated

VAT Notice 701/16

Energy-saving materials and security goods Installed goods VAT rate More information

Air source heat pumps 5% VAT Notice 708/6

Boilers - wood fuelled 5% VAT Notice 708/6

Central heating controls 5% The reduced rate also applies to repair and maintenance

VAT Notice 708/6

Draught stripping 5% VAT Notice 708/6

Energy saving materials in residential or charity premises 5% Energy saving materials - supply only - are standard-rated

VAT Notice 708/6

Insulation 5% Insulation But if the only service is supplied it is standard-rated

VAT Notice 708/6

Micro combined heat and power units 5% VAT Notice 708/6

Solar panels 5% Solar panels - supply only - are standard-rated

VAT Notice 708/6

Water and wind turbines 5% Water turbines - supply only - are standard-rated

VAT Notice 708/6

Security goods (linked to the installation of energy-saving materials) 5% VAT Notice 708/6

Heating and security goods (grant-funded) Installed goods VAT rate More information

Heating appliances - grant-funded 5% VAT Notice 708/6

Ground source heat pumps 5% VAT Notice 708/6

Hot water system controls 5% VAT Notice 708/6

Micro combined heat and power units 5% VAT Notice 708/6

Wood fuelled boilers 5% Wood fuelled boilers - supply only - are standard-rated

VAT Notice 708/6

Security goods (linked to the installation of central heating systems) 5% VAT Notice 708/6

Top

Building and construction, land and property

Building and construction Goods or services VAT rate More information

Altering an empty residential building 5% VAT Notice 708

Approved alterations to a listed building or scheduled monument 0% VAT Notice 708

Building services for disabled people 0% Building services for disabled people

Construction and sale of new buildings for a charitable purpose 0% VAT Notice 708

Construction and sale of new buildings for communal residential purposes 0% VAT Notice 708

Construction and sale of new domestic buildings 0% VAT Notice 708

Converting premises into different living accommodation 5% VAT Notice 708

Renovating an empty residential building 5% VAT Notice 708

Sale of buildings converted into a dwelling 0% VAT Notice 708

Sale of buildings converted for communal residential purposes 0% VAT Notice 708

Sale of buildings converted for charitable purposes 0% VAT Notice 708

Land and property Goods or services VAT rate More information

Garages or parking spaces let together with buildings for permanent residential use exempt Garages or facilities specially designed for parking are standard-rated

VAT Notice 742

Parking - grant, or licence, to occupy land on which incidental parking takes place exempt VAT Notice 742

Property, land and buildings - grant, or licence, to occupy land or buildings exempt VAT Notice 742

Sale or long lease of a new dwelling with garage or parking space 0% VAT Notice 708

Top

Transport, freight, travel and vehicles

Transport Goods or services VAT rate More information

Aircraft repair and maintenance 0% VAT Notice 744C

Freight Goods or services VAT rate More information

Domestic leg of freight transport to or from a place outside the EU 0% Standard-rated freight transport includes domestic freight transport and freight transport between the UK and another EU member State

VAT Notice 744B

Freight containers - sale, lease or hire to a place outside the EC 0% VAT Notice 703/1

Freight containers - sale, lease or hire to another EC Member State 0% VAT Notice 703/1

International freight transport that takes place in the UK and its territorial waters 0% VAT Notice 744B

Travel Goods or services VAT rate More information

Houseboat moorings exempt VAT Notice 742

Parking spaces or garages supplied with houseboat moorings exempt VAT Notice 742

Passenger transport in a vehicle, boat or aircraft that carries not less than ten passengers 0% VAT Notice 744A

Tolls for bridges, tunnels and roads operated by public authorities outside the scope of VAT Privately-operated tolls for bridges, tunnels and roads are standard-rated

Update 1 to VAT Notice 700

Vehicles Goods or services VAT rate More information

Aircraft repair and maintenance 0% VAT Notice 744C

Airships - sale or charter 0% VAT Notice 744C

Caravans (more than 7m long or more than 2.55m wide) 0% VAT Notice 701/20

Civil aeroplanes - sale or charter 0% Gliders - sale or charter - are standard-rated as are hot air balloons

VAT Notice 744C

Helicopters - sale or charter 0% VAT Notice 744C

Houseboats - sale or let out on hire 0% But holiday accommodation let in a moored houseboat is standard-rated

VAT Notice 701/20

Military aeroplanes - sale or charter 0% VAT Notice 744C

Ship repairs and maintenance 0% VAT Notice 744C

Shipbuilding - 15 tons or over gross tonnage 0% VAT Notice 744C

Top

Printing, postage, publications - books, magazines and newspapers

Printing Goods or services VAT rate More information

Brochures 0% VAT Notice 701/10

Leaflets 0% VAT Notice 701/10

Pamphlets 0% VAT Notice 701/10

Postage Goods or services VAT rate More information

Direct-mail postal services meeting all the conditions of VAT Notice 700/24 3.2 and 3.3 outside the scope of VAT VAT Notice 700/24

Postage, packing and delivery within the UK included in the sales contract but charged for separately, eg mail order the same rate as the goods being delivered or posted Postage, packing and delivery within the UK charged as an optional extra is always standard-rated

VAT Notice 700/24

Postage stamps - UK and Isle of Man (unused stamps only) exempt Foreign postage stamps, used stamps, and unused stamps in pre-decimal currency denominations are standard-rated

VAT Notice 701/8

Postal services supplied by Royal Mail or other licensed Postcomm operator exempt VAT Notice 700/24

Publications Goods or services VAT rate More information

Books 0% VAT Notice 701/10

Children's painting and picture books 0% VAT Notice 701/10

Maps and charts 0% VAT Notice 701/10

Magazines 0% VAT Notice 701/10

Newspapers 0% VAT Notice 701/10

Printed or copied music 0% VAT Notice 701/10

Publications 0%

Some items are standard-rated such as exercise books, letterheads, posters

VAT Notice 701/10

Top

Clothing and footwear, protective and safety equipment

Clothing and footwear Goods or services VAT rate More information

Baby wear 0% VAT Notice 714

Children's clothes and footwear 0% VAT Notice 714

Protective and safety equipment Goods or services VAT rate More information

Carrycots with restraint straps 5% VAT Notice 701/23

Children's car seats, booster seats and booster cushions 5% VAT Notice 701/23

Children's safety seats with bare wheeled framework 5%

Prams and pushchairs are standard-rated

VAT Notice 701/23

Cycle helmets - CE marked 0% VAT Notice 701/23

Motorcycle helmets that meet safety standards 0% VAT Notice 701/23

Protective boots and helmets for industrial use 0% VAT Notice 701/23

Top

Financial services and investments, insurance

Financial services and investments Goods or services VAT rate More information

Financial services including the issue, transfer or receipt of, or dealing with money, securities for money or orders for the payment of money exempt VAT Notice 701/49

The granting of credit such as loans exempt VAT Notice 701/49

The management of credit by the person who has granted it exempt VAT Notice 701/49

The provision of the facility of instalment credit finance for example hire-purchase exempt VAT Notice 701/49

The provision of qualifying financial intermediary services exempt VAT Notice 701/49

The issue, transfer or dealing with a security, including shares and bonds exempt VAT Notice 701/49

The operation of a current, deposit or savings account exempt VAT Notice 701/49

The management of a qualifying special investment fund exempt VAT Notice 701/49

Financial service supplied as a separate element but with other goods or services exempt VAT Notice 701/49

Financial service supplied as part of a single supply with other goods or services exempt if financial service is the principal element of the supply VAT Notice 701/49

Gold investment coins exempt VAT Notice 701/21

Insurance Goods or services VAT rate More information

Friendly Society subscriptions for the provision of insurance exempt VAT Notice 701/36

Insurance and reinsurance transactions exempt VAT Notice 701/36

Insurance brokers and agents acting in an intermediary capacity exempt VAT Notice 701/36

Insurance supplied as a separate element but with other goods or services exempt VAT Notice 701/36

Insurance supplied as part of a single supply with other goods or services exempt if insurance is the principal element of the supply VAT Notice 701/36

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A family making 40K a year is a low income family? Christ, what planet are you living on?

Yeah, If one person on 20k is low income, I'd say a family of 4 or 5 living on 40k is low income, too. Certainly in the south.

And to answer the earlier question, yes, VAT on petrol went up to 20%.

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Yeah, If one person on 20k is low income, I'd say a family of 4 or 5 living on 40k is low income, too. Certainly in the south.

Nonsense. It's not a low income. In the south, HP's may be higher than elsewhere, but that doesn't make the wage "low". It's the housing cost that is "high".

What's the answer? Raise wages or lower housing costs? I think the name of this site answers the question... B)

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VAT is also paid by exempt businesses who pass it on in higher prices for their goods and services.

The rise in VAT to 20% was projected to raise £13 billion a year. If 14% is paid by foreign customers that leaves £11.2 billion to be paid in the UK. Divided by 24.9 million households that's £450 per household per year.

Edited by CrashConnoisseur

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VAT is also paid by exempt businesses who pass it on in higher prices for their goods and services.

The rise in VAT to 20% was projected to raise £13 billion a year. If 14% is paid by foreign customers that leaves £11.2 billion to be paid in the UK. Divided by 24.9 million households that's £450 per household per year.

Lies, damned lies and statistics.

Blame VAT, not QE and bailouts for inflation. Nice one.

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rent is not VATed,

Fuel vat - has this gone up 0.5%? (I think it used to be 4.5% ...? Could be wrong though)

http://www.hmrc.gov....-services.htm#1

Goods or services VAT rate More information

Physical education and sports activities exempt VAT Notice 701/45

Leisure Goods or services VAT rate More information

Betting and gaming - including pool betting and games of chance exempt VAT Notice 701/26

Bingo - including remote games played on the Internet, telephone, television or radio exempt VAT Notice 701/27

Lottery ticket sales exempt VAT Notice 701/28

Online lottery games exempt VAT Notice 701/28

Retailer commission on lottery ticket sales exempt VAT Notice 701/28

Culture Goods or services VAT rate More information

Admission charges by public authorities or eligible cultural bodies to certain cultural events such as visits to museums, art exhibitions, zoos and performances exempt VAT Notice 701/47

Antiques Goods or services VAT rate More information

Antiques, works of art or similar (as assets of historic houses) sold by private treaty to public collections exempt VAT Notice 701/12

Antiques, works of art or similar (as assets of historic houses) used to settle a tax or estate duty debt with HMRC exempt VAT Notice 701/12

Top

Health, education, welfare and charities

Charities Goods or services VAT rate More information

Admission charges by charities exempt How VAT applies to charities

Advertising services for charities 0% VAT Notice 701/58

Certain goods sold at charitable fundraising events 0% Charity fund-raising events and VAT

Charitable fundraising events exempt Charity fund-raising events and VAT

Charity shops - selling donated goods 0% Charitable donations and VAT

Construction and sale of new buildings for a relevant charitable purpose 0% VAT Notice 708

Energy saving materials permanently installed in residential or charity premises (but not including institutions such as prisons, hospitals etc.) 5% Energy saving materials - supply only - are standard-rated

VAT Notice 708/6

Sponsored charitable events exempt Charities and VAT

Voluntary donations to charity outside the scope of VAT Donations to charities

Welfare Goods or services VAT rate More information

Building services for disabled people 0% Notice 701/7 VAT reliefs for disabled people

Burial or cremation of dead people, or burial at sea exempt VAT Notice 701/32

Mobility aids for the elderly 5% Mobility aids for older people

Equipment for blind or partially sighted people 0% Equipment for blind or partially sighted people

Equipment for disabled people 0% Equipment for disabled people

Funeral plans written under contracts of insurance exempt VAT Notice 701/36

Smoking cessation products - nicotine patches and gum 5% Read Budget Note BN77 (PDF 42K)

Welfare services provided by charities at significantly below cost outside the scope of VAT VAT Notice 701/1

Talking books and vision aids for blind people 0% Aids for blind people

Health Goods or services VAT rate More information

Care or medical treatment provided by a qualifying institution like a hospital, hospice or nursing home exempt VAT Notice 701/31

Dispensing of prescriptions by a registered pharmacist 0% VAT Notice 701/57

Health services provided by registered doctors, dentists, opticians, pharmacists and other health professionals exempt VAT Notice 701/57

Incontinence products 0% VAT Notice 701/7

Maternity pads 5% VAT Notice 701/18

Sanitary protection products 5% VAT Notice 701/18

Low vision aids 0% Equipment for blind or partially sighted people

Education Goods or services VAT rate More information

Education, vocational training, research and other connected services provided by an eligible body like a school, college or university exempt VAT Notice 701/30

Top

Power, utilities, energy and energy saving, heating

Power Goods or services VAT rate More information

Electricity for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Gas for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Heating oil for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Solid fuel for domestic and residential use or for non-business use by a charity. 5% Fuel for business use is usually standard-rated

VAT Notice 701/19

Utilities Goods or services VAT rate More information

Cesspools, septic tanks or similar (domestic) - emptying 0% Emptying industrial cesspools, septic tanks or similar is standard-rated

VAT Notice 701/16

Sewerage services supplied to domestic or industrial customers 0% Sewer and drain cleaning, unblocking or maintenance is standard-rated

VAT Notice 701/16

Water supplied to households 0% Water supplied to industrial customers is standard-rated

VAT Notice 701/16

Energy-saving materials and security goods Installed goods VAT rate More information

Air source heat pumps 5% VAT Notice 708/6

Boilers - wood fuelled 5% VAT Notice 708/6

Central heating controls 5% The reduced rate also applies to repair and maintenance

VAT Notice 708/6

Draught stripping 5% VAT Notice 708/6

Energy saving materials in residential or charity premises 5% Energy saving materials - supply only - are standard-rated

VAT Notice 708/6

Insulation 5% Insulation But if the only service is supplied it is standard-rated

VAT Notice 708/6

Micro combined heat and power units 5% VAT Notice 708/6

Solar panels 5% Solar panels - supply only - are standard-rated

VAT Notice 708/6

Water and wind turbines 5% Water turbines - supply only - are standard-rated

VAT Notice 708/6

Security goods (linked to the installation of energy-saving materials) 5% VAT Notice 708/6

Heating and security goods (grant-funded) Installed goods VAT rate More information

Heating appliances - grant-funded 5% VAT Notice 708/6

Ground source heat pumps 5% VAT Notice 708/6

Hot water system controls 5% VAT Notice 708/6

Micro combined heat and power units 5% VAT Notice 708/6

Wood fuelled boilers 5% Wood fuelled boilers - supply only - are standard-rated

VAT Notice 708/6

Security goods (linked to the installation of central heating systems) 5% VAT Notice 708/6

Top

Building and construction, land and property

Building and construction Goods or services VAT rate More information

Altering an empty residential building 5% VAT Notice 708

Approved alterations to a listed building or scheduled monument 0% VAT Notice 708

Building services for disabled people 0% Building services for disabled people

Construction and sale of new buildings for a charitable purpose 0% VAT Notice 708

Construction and sale of new buildings for communal residential purposes 0% VAT Notice 708

Construction and sale of new domestic buildings 0% VAT Notice 708

Converting premises into different living accommodation 5% VAT Notice 708

Renovating an empty residential building 5% VAT Notice 708

Sale of buildings converted into a dwelling 0% VAT Notice 708

Sale of buildings converted for communal residential purposes 0% VAT Notice 708

Sale of buildings converted for charitable purposes 0% VAT Notice 708

Land and property Goods or services VAT rate More information

Garages or parking spaces let together with buildings for permanent residential use exempt Garages or facilities specially designed for parking are standard-rated

VAT Notice 742

Parking - grant, or licence, to occupy land on which incidental parking takes place exempt VAT Notice 742

Property, land and buildings - grant, or licence, to occupy land or buildings exempt VAT Notice 742

Sale or long lease of a new dwelling with garage or parking space 0% VAT Notice 708

Top

Transport, freight, travel and vehicles

Transport Goods or services VAT rate More information

Aircraft repair and maintenance 0% VAT Notice 744C

Freight Goods or services VAT rate More information

Domestic leg of freight transport to or from a place outside the EU 0% Standard-rated freight transport includes domestic freight transport and freight transport between the UK and another EU member State

VAT Notice 744B

Freight containers - sale, lease or hire to a place outside the EC 0% VAT Notice 703/1

Freight containers - sale, lease or hire to another EC Member State 0% VAT Notice 703/1

International freight transport that takes place in the UK and its territorial waters 0% VAT Notice 744B

Travel Goods or services VAT rate More information

Houseboat moorings exempt VAT Notice 742

Parking spaces or garages supplied with houseboat moorings exempt VAT Notice 742

Passenger transport in a vehicle, boat or aircraft that carries not less than ten passengers 0% VAT Notice 744A

Tolls for bridges, tunnels and roads operated by public authorities outside the scope of VAT Privately-operated tolls for bridges, tunnels and roads are standard-rated

Update 1 to VAT Notice 700

Vehicles Goods or services VAT rate More information

Aircraft repair and maintenance 0% VAT Notice 744C

Airships - sale or charter 0% VAT Notice 744C

Caravans (more than 7m long or more than 2.55m wide) 0% VAT Notice 701/20

Civil aeroplanes - sale or charter 0% Gliders - sale or charter - are standard-rated as are hot air balloons

VAT Notice 744C

Helicopters - sale or charter 0% VAT Notice 744C

Houseboats - sale or let out on hire 0% But holiday accommodation let in a moored houseboat is standard-rated

VAT Notice 701/20

Military aeroplanes - sale or charter 0% VAT Notice 744C

Ship repairs and maintenance 0% VAT Notice 744C

Shipbuilding - 15 tons or over gross tonnage 0% VAT Notice 744C

Top

Printing, postage, publications - books, magazines and newspapers

Printing Goods or services VAT rate More information

Brochures 0% VAT Notice 701/10

Leaflets 0% VAT Notice 701/10

Pamphlets 0% VAT Notice 701/10

Postage Goods or services VAT rate More information

Direct-mail postal services meeting all the conditions of VAT Notice 700/24 3.2 and 3.3 outside the scope of VAT VAT Notice 700/24

Postage, packing and delivery within the UK included in the sales contract but charged for separately, eg mail order the same rate as the goods being delivered or posted Postage, packing and delivery within the UK charged as an optional extra is always standard-rated

VAT Notice 700/24

Postage stamps - UK and Isle of Man (unused stamps only) exempt Foreign postage stamps, used stamps, and unused stamps in pre-decimal currency denominations are standard-rated

VAT Notice 701/8

Postal services supplied by Royal Mail or other licensed Postcomm operator exempt VAT Notice 700/24

Publications Goods or services VAT rate More information

Books 0% VAT Notice 701/10

Children's painting and picture books 0% VAT Notice 701/10

Maps and charts 0% VAT Notice 701/10

Magazines 0% VAT Notice 701/10

Newspapers 0% VAT Notice 701/10

Printed or copied music 0% VAT Notice 701/10

Publications 0%

Some items are standard-rated such as exercise books, letterheads, posters

VAT Notice 701/10

Top

Clothing and footwear, protective and safety equipment

Clothing and footwear Goods or services VAT rate More information

Baby wear 0% VAT Notice 714

Children's clothes and footwear 0% VAT Notice 714

Protective and safety equipment Goods or services VAT rate More information

Carrycots with restraint straps 5% VAT Notice 701/23

Children's car seats, booster seats and booster cushions 5% VAT Notice 701/23

Children's safety seats with bare wheeled framework 5%

Prams and pushchairs are standard-rated

VAT Notice 701/23

Cycle helmets - CE marked 0% VAT Notice 701/23

Motorcycle helmets that meet safety standards 0% VAT Notice 701/23

Protective boots and helmets for industrial use 0% VAT Notice 701/23

Top

Financial services and investments, insurance

Financial services and investments Goods or services VAT rate More information

Financial services including the issue, transfer or receipt of, or dealing with money, securities for money or orders for the payment of money exempt VAT Notice 701/49

The granting of credit such as loans exempt VAT Notice 701/49

The management of credit by the person who has granted it exempt VAT Notice 701/49

The provision of the facility of instalment credit finance for example hire-purchase exempt VAT Notice 701/49

The provision of qualifying financial intermediary services exempt VAT Notice 701/49

The issue, transfer or dealing with a security, including shares and bonds exempt VAT Notice 701/49

The operation of a current, deposit or savings account exempt VAT Notice 701/49

The management of a qualifying special investment fund exempt VAT Notice 701/49

Financial service supplied as a separate element but with other goods or services exempt VAT Notice 701/49

Financial service supplied as part of a single supply with other goods or services exempt if financial service is the principal element of the supply VAT Notice 701/49

Gold investment coins exempt VAT Notice 701/21

Insurance Goods or services VAT rate More information

Friendly Society subscriptions for the provision of insurance exempt VAT Notice 701/36

Insurance and reinsurance transactions exempt VAT Notice 701/36

Insurance brokers and agents acting in an intermediary capacity exempt VAT Notice 701/36

Insurance supplied as a separate element but with other goods or services exempt VAT Notice 701/36

Insurance supplied as part of a single supply with other goods or services exempt if insurance is the principal element of the supply VAT Notice 701/36

So that's where the nonsense I saw somewhere a while back about there being no VAT on helicopters comes from. It refers to helicopters over 8,000 Kg MTOW. Can't think of many that size used by billionaires as personal transport.

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40K for my salary + child benefits, so lets call it £44K ... and live in the south, and live very comfortably without spending anywhere near 18K pa on items that attract vat. I don't consider our household income low either, and have plenty of spare cash at the end of the month, which we're currently using to overpay the mortgage (we have enough emergency cash saved already). Wife dosn't need to work, she looks after our pre-school age kids, but we do pay to send the eldest to nursery 1.5 days per week so he can mix with other kids.

So how do I get to become a low income household? the extra money would be nice. We might replace our 2 cars which are getting a bit old at 8 and 10 years.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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