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What is VAT charged on in UK?
VAT is a tax on business transactions that potentially affects all purchases and sales. It is not a tax on profits. VAT is charged at 20% on most supplies, though some are taxed at either 0 or 5%.
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so yes, in the UK, all supplies, E.G. creators, should be paying 20% VAT on their incomes...
here in Spain...
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What is exempt from VAT in Europe?
Some goods and services such as education, healthcare and financial services may be exempt from VAT. These sales are exempt from VAT, without the 'right to deduct'. This means you may not deduct the VAT you have paid on purchases related to such sales.
What services are exempt from VAT in Spain?
Exempt transactions
healthcare;
educational activities;
social welfare assistance;
cultural activities;
sporting activities;
financial transactions and insurance;
real estate.
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other than the above itīs 21%...
the tax and vat can hurt, but then the cost of living is half that in the UK, anything, petrol, rent, insurance, food, drink, everything is very low cost & the sunīs out every day of the year, so itīs summer every day, hence the amazing life style & why iīm happy to pay the vat & tax costs
