Goods and services consumed in the UK usually incur Value Added Tax (VAT), but certain products and services are exempt from VAT.
The exemption of a zero VAT rate can make goods more accessible to consumers and support certain businesses, but it’s important to note that the specific exemptions may differ between countries.
For this to apply, businesses must ensure certain conditions are met, such as :
For further details regarding the conditions and the process for applying the zero VAT rate, check out the VAT Notice 703.
