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Accountants in Medway - Sinden Thackeray Partnership

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VAT

Rates

The VAT rates and thresholds are as follows:

From 1 April 2014 1 April 2015 1 April 2016 1 April 2017
Lower rate 0% 0% 0% 0%
Reduced rate 5% 5% 5% 5%
Standard rate 20% 20% 20% 20%
Registration turnover £81,000 £82,000 £83,000 £85,000
Deregistration turnover £79,000 £80,000 £81,000 £83,000
Acquisitions from EU member states, registration and deregistration threshold £81,000 £82,000 £83,000 £85,000

Note: Autumn Budget 2017 announced that the VAT registration and deregistration thresholds will remain unchanged from 1 April 2018.

 


Christopher Kember FMAAT is licensed and regulated by AAT under licence number 7213. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Sinden Thackeray Partnership is supervised by AAT in this respect.