Set the percentage and when it took effect. Changes apply from the effective date forward — historic transactions keep the rate that applied on their own date.
Standard
Most goods and services.
Effective from 4 Jan 2011
Reduced
Domestic fuel, child car seats, energy-saving materials.
Effective from 1 Sept 1997
Zero-rated
Taxable but at 0% — still counts toward your threshold.
Effective from 1 Apr 1973
Exempt
Insurance, finance, certain education — no VAT charged or reclaimed.
Effective from 1 Apr 1973
Out of scope
Not subject to VAT — excluded from threshold calculation.
Effective from 1 Apr 1973