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WSFS Financial GAAP EPS of $1.75 beats by $0.14, revenue of $287.6M misses by $1.02M

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UK VAT Rates Explained: 20%, 5%, 0% and When Each One Applies

If you invoice UK clients, the VAT rate you put on your invoices is not a guess. Charge the wrong rate and you either overcharge your customers or end up owing HMRC money you never collected.

  • UK has four VAT rates: 20%, 5%, 0%, and items out of scope
  • Standard 20% rate applies to most goods/services like electronics
  • 5% reduced rate for domestic fuel, energy-saving installations

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