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.