It depends on what it is being charged on. The main VAT rate is 17.5% but the new Con-Dem Government is increasing it to 20% in January 2011.
20%
9%
If you are an overseas visitor, to qualify for a VAT refund you must: live outside England, leave for a destination outside of England with the goods you have bought, show customs officials the goods and your receipts for them, and a completed VAT refund document.
VAT stands for Value Added Tax. The VAT 100 shows business how much VAT the business charged their customers, how much VAT to claim, and the total of goods that were sold in a three month period.
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The VAT rate on a drill machine can vary by country and region. In many places, it typically falls within the standard VAT rate, which can range from 5% to 25%. To get the exact rate, it’s best to check the local tax regulations or consult a tax professional in the specific jurisdiction where the purchase is being made.
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VAT (value added tax) is akin to State Sales Tax, which in NYC is about 8.25%
VAT in the UK will return to 17.5% from 1 January 2010. (Prior to that it is 15%)
AnswerNot much because there is a tin tax for all the metal models, but the plastics are still the same. The VAT has risen once more after a brief dip.
In 2010, the VAT in the United Kingdom was 17.5%. It will rise to 20% on 4 January 2011. In addition to this standard rate, a reduced rate of 5% is charged for some purchases, such as children's car seats and gas and electricity for the home. No VAT is charged for most food items; for books, newspapers and magazines; for children's clothes; and for some goods provided in special circumstances - for example, equipment for disabled people.
The custom duty and the VAT usually increase the value of the rough diamond in the UK.