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Tax Tables :: Income Tax Rates

Tax Tables

Value Added Tax

 

From 1st April 2020

From 1st April 2019

From 1st April 2018

 

 

 

 

Rates of Tax

 

 

 

Standard rate

20%

20%

20%

Reduced rate

5%

5%

5%

VAT fraction

1/6

1/6

1/6

       

Annual Turnover Limits

 

 

 

Registration

£85,000

£85,000

£85,000

Deregistration

£83,000

£83,000

£83,000

 

 

 

 


NOTE: Temporary reduced rate of VAT for certain supplies in the hospitality and tourism sectors. 5% VAT reduced rate on qualifying supplies from 15th July 2020 to 12th January 2022.

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