VAT rates

 From 1 April 2018From 1 April 2017
Standard rate20%20%
Standard rate VAT fraction1/61/6
Reduced rate5%5%
Reduced rate VAT fraction1/211/21
Zero rate0%0%
Registration - last 12 months or next 30 days over£85,000£85,000
Deregistration - next 12 months under£83,000£83,000
ash accounting scheme - up to£1.35m£1.35m
Optional flat rate scheme
joining up to£150,000£150,000
exiting over£230,000 £230,000
Annual accounting scheme - up to£1.35m£1.35m
Intrastat arrivals threshold£1.5m£1.5m
Intrastat dispatches threshold£250,000£250,000
EC sales list reporting thresholdnilnil

VAT flat-rate scheme

A business must leave the scheme when turnover increases to £230,000. However, a business can remain in the scheme with HMRC’s written agreement provided it can be shown that total sales in the following 12 months will be less than £191,500 including VAT.

Cars and your VAT return

VAT scale figures for private use are based on carbon emissions. The government website has the scale figures for your VAT returns.

Cars and your VAT return

VAT scale figures for private use are based on carbon emissions. Please refer here for the scale figures for your VAT returns.