Value Added Tax

	From 1st April 2019	From 1st April 2018
Rates of Tax
Standard rate	20%	20%
Reduced rate	5%	5%
VAT fraction	1/6	1/6
	From 1st April 2019	From 1st April 2018
Annual Turnover Limits
Registration	£85,000	£85,000
Deregistration	£83,000	£83,000