Glossary ยท Self-billing

Reduced rate (5%)

A lower 5% VAT rate applied to certain supplies, such as some residential construction work.

Where reduced-rated construction falls under the reverse charge, the invoice states the customer accounts for VAT at 5% (the RC5 treatment).

Read the related guide โ†’

General information, not tax advice โ€” confirm your own position with your accountant or HMRC.

Related terms

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