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Resource Centre Tax Fact Sheets Value Added Tax
Tax Fact Sheets
Value Added Tax
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From 1st April 2020 |
From 1st April 2019 |
From 1st April 2018 |
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Rates of Tax |
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Standard rate |
20% |
20% |
20% |
Reduced rate |
5% |
5% |
5% |
VAT fraction |
1/6 |
1/6 |
1/6 |
Annual Turnover Limits |
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Registration |
£85,000 |
£85,000 |
£85,000 |
Deregistration |
£83,000 |
£83,000 |
£83,000 |
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