We have to charge VAT (value added tax) on the fee for Tide Plus membership.
The fee is for ‘value added’ services associated with your Plus membership, so that’s why it’s subject to Value Added Tax (VAT).
The fee for Plus membership is different from our standard fees for transactions, which are exempt from VAT.
If you’re VAT registered, you can reclaim the VAT on your Plus membership fee at the end of your accounting period.
The VAT charged on the Plus fee is the standard rate. Read more about VAT rates at the Government website:
Gov.uk | VAT rates »