|
From
|
1 April 2018
|
|
|
Standard Rate
|
20%
|
|
|
VAT Fraction
|
1/6
|
|
|
Reduced Rate
|
5%
|
|
|
Current Turnover Limits
|
|
Registration – last 12 months or
|
|
|
next 30 days over
|
£85,000 from 1 April 2018
|
|
Deregistration – next year under
|
£83,000 from 1 April 2018
|
|
Annual and Cash Accounting Schemes
|
£1,350,000
|
|
Flat Rate Scheme
|
£150,000
|
|
