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Is VAT paid on services?

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sig
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Is VAT paid on services?

Post by sig » 23 Nov 2008, 15:53

What tax code should I use for Services such as:

1)Functions and Weddings

2)Laundry

Tax codes :
T1--17.5%
T5-- 5%
T9-- 0%
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brucedenney
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Sage Version: v30 UK/Europe/Africa

Post by brucedenney » 24 Nov 2008, 15:25

Everything you sell should be charged at the standard rate T1 unless it is exempt (such as stamps), zero rated (such as food), low rate (such as electricity).

All the items you list are, I believe standard rated, however you can check with HMRC for free to get an authoritative answer http://www.hmrc.gov.uk/index.htm
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