What is the standard rate of VAT for most taxable goods in the UK
What is the standard rate of VAT for most taxable goods in the UK (current)?
A. 5%
B. 12.5%
C. 20%
D. 0%
Answer: C
Explanation: The standard UK VAT rate is 20% for most taxable supplies. 5% is a reduced rate, 0% applies to zero-rated items, and some goods are exempt.

