Value Added Tax
| Standard rate | 20% | ||
| Reduced rate eg on domestic fuel | 5% | ||
| Registration level from 1/4/18 | £85,000 | ||
| Deregistration level from 1/4/18 | £83,000 | ||
| Flat rate scheme turnover limit | £150,000 | ||
| Cash and annual accounting schemes turnover limits | £1,350,000 |
