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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

VAT

We can advise and assist you with your VAT, seeking and getting professional assistance before your VAT is due could eliminate a huge expense if it is wrong. We can help with: ♦ VAT tax planning ♦ Contacting the VAT office on you behalf to deal with any queries or disputes that arise. ♦ Help with inspections and visits ♦ Advise on the most suitable VAT scheme for your business

VAT