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VAT Guide for Businesses with Customers in the United Kingdom

  • This is a guide for businesses with customers in the United Kingdom regarding VAT.
  • The standard VAT rate is 20%, with reduced rates of 5% and 0% for certain goods and services.
  • There are VAT registration thresholds for domestic and non-established sellers.
  • The VAT number for businesses in the UK consists of ‘GB’ followed by nine digits, while for businesses in Northern Ireland trading with the EU, it is ‘XI’ followed by the nine digits from the GB VAT number.
  • VAT on digital services has changed since Brexit, and businesses need to determine whether they are making the supply to the consumer or to the platform operator.
  • Invoice requirements include general transaction information, supplier and customer information, and financial transaction information.

Source Fonoa

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