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Value Added Tax

 

From 1st April 2017

From 1st April 2016

 

 

 

Rates of Tax

 

 

Standard rate

20%

20%

Reduced rate

5%

5%

VAT fraction

1/6

1/6

     

 

From 1st April 2017

From 1st April 2016

Annual Turnover Limits

 

 

Registration

£85,000

£83,000

Deregistration

£83,000

£81,000

 

 

 


 

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