Question 1

What is the current UK VAT rate?

Accepted Answer

The standard UK VAT rate is 20%. The reduced rate is 5% (e.g. domestic energy, children's car seats). The zero rate is 0% (e.g. food, children's clothing).

Question 2

When do tradespeople need to register for VAT?

Accepted Answer

You must register for VAT if your taxable turnover exceeds £90,000 in any rolling 12-month period. You can also register voluntarily below this threshold.

Question 3

Does TradeTally handle VAT on invoices?

Accepted Answer

Yes. If you are VAT-registered, TradeTally can add VAT to your invoices automatically and track your VAT liability. Available on all plans.

VAT Calculator UK

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