Is there VAT on annual reports and company accounts?
Annual reports and company accounts are usually zero-rated (0% VAT) in the UK, but only if they meet HMRC's conditions: printed copies of a finished report (a commissioned report from a consultant is a service and is standard-rated) (HMRC VAT Notice 701/10, section 8).
PRIVATE & CONFIDENTIAL
Zero-rated. A full year of figures, and none for me.
Annual reports and company accounts
0% VAT
Fully printed company accounts and reports are zero-rated.
0% as long as it's:
Printed copies of a finished report (a commissioned report from a consultant is a service and is standard-rated)
Is there VAT on annual reports and company accounts?
Annual reports and company accounts are usually zero-rated (0% VAT) in the UK, but only if they meet HMRC's conditions: printed copies of a finished report (a commissioned report from a consultant is a service and is standard-rated) (HMRC VAT Notice 701/10, section 8). Fully printed company accounts and reports are zero-rated.
When would annual reports and company accounts be charged at 20% VAT?
The zero rate applies as long as it's: printed copies of a finished report (a commissioned report from a consultant is a service and is standard-rated). If one of those isn't true, it's likely to be standard-rated at 20%.
Is the design and artwork for annual reports and company accounts zero-rated too?
If your printer does the design, typesetting or finishing as part of the same zero-rated print job, that work can be zero-rated too. Design bought separately from a studio is a standard-rated service.
Where does this come from?
HMRC VAT Notice 701/10, section 8, HMRC's guidance on zero rating books and printed matter. Read the notice on GOV.UK ↗
