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Tax Rates & Allowances

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VAT

Rates

The VAT rates and thresholds are as follows:

From 1 April 2017 1 April 2018 1 April 2019 1 April 2020
Lower rate 0% 0% 0% Tbc
Reduced rate 5% 5% 5% Tbc
Standard rate 20% 20% 20% Tbc
Registration turnover £85,000 £85,000 £85,000 Tbc
Deregistration turnover £83,000 £83,000 £83,000 Tbc
Acquisitions from EU member states, registration and deregistration threshold £85,000 £85,000 £85,000 Tbc

Note: Autumn Budget 2017 announced that the VAT registration and deregistration thresholds will remain unchanged from 1 April 2018.

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