Value Added Tax
Standard rate | 20% | ||
Reduced rate eg on domestic fuel | 5% | ||
Registration level since 1/4/17 | £85,000 | ||
Deregistration level since 1/4/17 | £83,000 | ||
Flat rate scheme turnover limit | £150,000 | ||
Cash and annual accounting schemes turnover limits | £1,350,000 |