VAT Rates
VAT Rates
|
From |
1 April |
1 December 2008 |
1 January 2010 |
4 January 2011 to present |
|
|
% |
% |
% |
% |
|
Standard |
17.5 |
15.0 |
17.5 |
20.0 |
|
Reduced |
5.0 |
5.0 |
5.0 |
5.0 |
|
Zero |
0.0 |
0.0 |
0.0 |
0.0 |
VAT Annual Turnover Thresholds
|
From |
Annual Turnover |
1 April |
1 April |
1 April 2015 |
|
|
£ |
£ |
£ |
|
|
Registration |
More than |
79,000 |
81,000 |
82,000 |
|
De registration |
Less than |
77,000 |
79,000 |
80,000 |
|
Annual accounting – Joining |
Less than |
1,350,000 |
1,350,000 |
1,350,000 |
|
Annual accounting – leaving |
More than |
1,600,000 |
1,600,000 |
1,600,000 |
|
Cash accounting – joining |
Less than |
1,350,000 |
1,350,000 |
1,350,000 |
|
Cash accounting – leaving |
More than |
1,600,000 |
1,600,000 |
1,600,000 |
|
Flat rate scheme – joining |
Less than |
150,000 |
150,000 |
150,000 |
|
Flat rate scheme – leaving |
More than |
230,000 |
230,000 |
230,000 |
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