Standard rate*20%
Reduced rate5%
Zero rate0%
Annual registration limit (from 1 April 2020)£85,000
Annual deregistration limit (from 1 April 2020)£83,000
VAT Cash accounting scheme threshold£1,350,000
VAT Annual accounting scheme threshold£1,350,000


*5% for most tourism and hospitality activities from 15 July 2020 to 31 March 2021.


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