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VAT is a tax that you pay when you buy goods and services in the European Union (EU), including the United Kingdom. Where VAT is payable it's normally included in the price of the goods or service you buy. Some goods don't attract VAT.
When do you pay VAT and how much?
Each EU country has its own rates of VAT. In the UK there are three rates.
Standard rate
You pay VAT on most goods and services in the UK at the standard rate, currently 17.5 per cent.
Reduced rate
In some cases, for example childrens car seats and domestic fuel or power, you pay a reduced rate of five per cent.
Exempt
Safety items such as Cycling Helmets are VAT exempt
How VAT is worked out
When someone charges you VAT they multiply the original ('net') price of the item or service by the VAT rate to calculate the amount of VAT to charge. They then add the VAT amount to the net price to give the 'gross' price - the price you pay.
Non EU Customers
When you register and Log-In with your Home Country VAT will be taken off the prices on the website, please contact sales@velodrome.org.uk for more information
THE EXTENT OF THE EUROPEAN COMMUNITY
EC Territories Country Code
Austria AT
Belgium BE
Bulgaria BG
Cyprus CY
Czech Republic CZ
Denmark - excluding Greenland DK
Estonia EE
Finland FI
France - excluding overseas departments FR
Germany - excluding Busingen and Heligoland DE
Greece - excluding Mount Athos EL
Hungary HU
Ireland IE
Italy - excluding Livigno and Campione d'Italia IT
Latvia LV
Lithuania LT
Luxembourg LU
Malta MT
The Netherlands NL
Poland PL
Portugal PT
Romania RO
Slovakia SI
Slovenia SK
Spain - excluding Canary Islands, Ceuta and Melilla ES
Sweden SE
UK GB
Note: The Isle of Man and Monaco are treated for VAT purposes as if they were part of the UK and France, respectively, although they are not officially part of the EC.
Non-EC Territories
Andorra
Channel Islands
Gibraltar
Liechtenstein
San Marino
The Vatican
The Canary Islands
The overseas departments of France
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