Notes

(1)Taxable supplies

Taxable supplies are goods or services that are standard-rated, reduced-rated or zero-rated, including supplies made outside the UK that would be taxable if made in the UK.

(2)Exempt supplies

Exempt supplies are as defined under group headings in VATA 1994, Sch. 9 as follows:

(a)land;

(b)insurance;

(c)postal services;

(d)betting, gaming and lotteries;

(e)finance;

(f)education;

(g)health and welfare;

(h)burial and cremation;

(i)subscriptions to trade unions, professional bodies and other public interest bodies;

(j)sport, sports competitions and physical education;

(k)works of art, etc.;

(l)fund-raising events by charities and other qualifying bodies;

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