- Applicants must provide a breakdown of taxable turnover by standard, reduced, and zero rates
- Standard rate is 20 percent, reduced rate is 5 percent, zero rate is 0 percent
- Changes effective from 19 May 2025
Source: icaew.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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