Tax Rates & Allowances
Back to Tax Rates & AllowancesVAT
Rates
The VAT rates and thresholds are as follows:
| From | 1 April 2016 | 1 April 2017 | 1 April 2018 | 1 April 2019 |
| Lower rate | 0% | 0% | 0% | 0% |
| Reduced rate | 5% | 5% | 5% | 5% |
| Standard rate | 20% | 20% | 20% | 20% |
| Registration turnover | £83,000 | £85,000 | £85,000 | £85,000 |
| Deregistration turnover | £81,000 | £83,000 | £83,000 | £83,000 |
| Acquisitions from EU member states, registration and deregistration threshold | £83,000 | £85,000 | £85,000 | £85,000 |
Note: Autumn Budget 2017 announced that the VAT registration and deregistration thresholds will remain unchanged from 1 April 2018.