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| London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#10
July 16th 09, 08:04 PM
posted to uk.transport.london,uk.railway,misc.transport.urban-transit
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HS1 Domestic trains are a bit busy
"Steve Fitzgerald" ] wrote in message
In message , Recliner writes Public transport in the UK is subject to VAT but at 0%:- http://www.hmrc.gov.uk/vat/start/introduction.htm which also has a paragraph "The difference between exempt and zero-rated" although some of our resident VAT-handlers might be able to improve on the explanation as the HMRC page does not really say much about those who might "buy" at 0% but then have to charge their own customers at a non-zero rate. The point is that the travel by train or plane has a zero VAT rate, but the service I bill my customer for has a standard VAT rate (currently 15%), regardless of the VAT rates on the inputs. 15%? Isn't VAT 17.5%? No |
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