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VAT — Rates and Thresholds
Rates
2020/21
2019/20
Standard
20%
20%
Reduced
5%
5%
Zero
0%
0%
Exempt
N/A
N/A
Thresholds
1
2020/21
2019/20
VAT registration
£85,000
£85,000
VAT de-registration
£83,000
£83,000
During the 2018 Budget the Chancellor of the Exchequer announced that the VAT registration and deregistration thresholds will not change until 31 March 2022.