VAT Table

If you are looking at VAT or planning your finances, please feel free to contact us.  We can discuss your specific circumstances to help you plan tax efficiently.

Standard Rate 20%
Reduced Rate 5%
Annual Registration Limit from 01/04/17 – 31/03/18 £85,000
Annual Deregistration Limit from 01/04/17 – 31/03/18 £83,000
Scheme Thresholds Registration Threshold Deregistration Threshold
Cash Accounting Scheme £1,350,000 £1,600,000
Annual Accounting Scheme £1,350,000 £1,600,000 

Businesses with annual taxable turnover of up to £150,000 can register for a Flat Rate Scheme.

They must leave the Flat Rate Scheme once annual taxable turnover exceeds £230,000, or is expected to exceed £230,000 in the next 30 days.

Please contact us for further information.


The information should be used as a guide only and your specific circumstances are best discussed directly with us.

No reliance should be placed on this material and no action should be taken without seeking the appropriate professional or legal advice. Although the authors make reasonable efforts to ensure the content is accurate and up-to-date, the authors make no representations, warranties or guarantees that the content is accurate, complete or up-to-date and accept no responsibility whatsoever for any loss occasioned by anyone acting on this information.

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