From
From 4 Jan 2011
Standard rate *
20%
Standard rate VAT fraction
1/6
Reduced rate, eg on domestic fuel
5%
Reduced rate VAT fraction
1/21

Turnover Thresholds
From 1 April 2015
From 1 April 2016
Registration - last 12 months or next 30 days over
£82,000
£83,000
Deregistration - coming year under
£80,000
£81,000
Flat Rate Scheme Threshold - joining up to
£150,000
£150,000
Flat Rate Scheme Threshold - exiting over
£230,000
£230,000
Cash or Annual Accounting Threshold - joining up to
£1,350,000
£1,350,000
Cash or Annual Accounting Threshold - exiting over
£1,600,000
£1,600,000