How to Understand VAT Rates for UK Businesses
When it comes to VAT rates for UK businesses, I know it can feel overwhelming at first. The standard rate is 20%, but there are reduced and zero rates that apply to certain goods and services, which can complicate things. I've found that getting a firm grasp on how to charge VAT and understanding the nuances of each rate can greatly impact your business's financial health. If you're unsure about where to start or what common pitfalls to avoid, you might be surprised by what could be costing you more than you think.
Read More