What is the VAT rate in the UK?

In Britain, it was 17.5%, and in 20651October 4th, it was increased to 20%, and 438+0 1, that is, it cost 20% more.

According to the different tax rates in different countries, the value-added tax paid by foreign trade personnel is also different. Only the mainstream online foreign trade business like Yi Bei, Yi Bei sellers don't need to pay VAT, because Yi Bei sends goods by parcel post, thus omitting the complicated process of VAT.

Nevertheless, for general foreign trade enterprises, value-added tax, as an important part of customs clearance, needs foreign trade enterprises to master the algorithm of value-added tax and pay it in a certain way, so as to be reasonably familiar with the foreign trade process.

VAT is usually called VAT in China. The VAT rate in Chinese mainland is generally 17%, and some of them have a low tax rate of 13% and a zero tax rate.

Extended data:

Value-added tax has become one of the most important taxes in China, accounting for more than 60% of all taxes in China, and it is the largest tax. Value-added tax is levied by the State Taxation Bureau, and 50% of the tax revenue comes from the central government and 50% from local governments. The import value-added tax is collected by the customs, and all the taxes are the central fiscal revenue.

Taxpayers who produce goods or provide taxable services mainly produce goods or provide taxable services (that is, taxpayers' annual sales of goods or provide taxable services account for more than 50% of taxable sales) and concurrently engage in wholesale or retail of goods, with annual taxable sales exceeding 500,000.

Reference source: Baidu Encyclopedia-VAT