Using your Countingup app, you can select the following VAT rates for each VAT treatment:
For incomings transactions
|
VAT rate |
||||
|
VAT Treatments |
20% |
5% |
0% |
Exempt |
|
Most goods or services to UK customer |
Yes |
Yes |
Yes |
Yes |
|
Most goods to EU customer |
Yes |
Yes |
Yes |
No |
|
Services to EU customer |
Yes |
Yes |
Yes |
Yes |
|
Goods to a customer outside EU |
Yes |
Yes |
Yes |
No |
|
Services to a customer outside EU |
Yes |
Yes |
Yes |
Yes |
For outgoings transactions in the UK
|
VAT rate |
|||||
| VAT Treatment |
20% |
5% |
0% |
Manual |
Exempt |
| Goods or services from UK supplier |
Yes |
Yes |
Yes |
Yes |
Yes |
For outgoings transactions outside the UK
|
VAT rate |
|||||
|
VAT treatments |
0% | 0% (20% reverse charge) | No VAT (20% import) | No VAT (5% import) | No VAT (0% import) |
|
Goods from a supplier outside EU |
No |
No |
Yes |
Yes |
Yes |
|
Services from a supplier outside EU |
Yes |
Yes |
No |
No |
No |
|
Goods from EU supplier |
No |
No |
Yes |
Yes |
Yes |
|
Services from EU supplier |
Yes |
Yes |
No |
No |
No |
If there is no VAT rate applicable for a certain transaction, select “Out of scope - not on VAT return”.
If you work in the hospitality, holiday accommodation, and attractions industries you can apply a 12.5% VAT rate to applicable expenses, from 1 October 2021 until 31 March 2022. Find more information here www.gov.uk.