|
The current rates and thresholds are:
|
|
Registration threshold
|
£68,000
|
|
Deregistration threshold
|
£66,000
|
|
Annual accounting threshold up to
|
£1,350,000
|
|
Cash accounting scheme up to
|
£1,350,000
|
|
Standard VAT rate
|
17.5%
|
|
Reduced rate
|
5%
|
The standard rate of VAT is 17.5% since 31 December 2009.
