Resource Centre

Home Resource Centre Tax Tables Value Added Tax

Tax Tables

Value Added Tax

Rates of Tax

2021/22

2020/21

2019/20

Standard rate

20%

20%

20%

Reduced rate

5%

5%

5%

       

Turnover limits

2021/22

2020/21

2019/20

VAT scheme

 

 

 

Registration limit (more than)

£85,000

£85,000

£85,000

Deregistration limit (less than)

£83,000

£83,000

£83,000

Flat rate scheme

 

 

 

Registration limit (less than)

£150,000

£150,000

£150,000

Deregistration limit (more than)

£230,000

£230,000

£230,000

Cash accounting scheme

 

 

 

Registration limit (less than)

£1,350,000

£1,350,000

£1,350,000

Deregistration limit (more than)

£1,600,000

£1,600,000

£1,600,000

Annual accounting scheme

 

 

 

Registration limit (less than)

£1,350,000

£1,350,000

£1,350,000

Deregistration limit (more than)

£1,600,000

£1,600,000

£1,600,000

 

 

 

 


© 2021