The latest VAT Rates are detailed in the table below:
|From 1 April 2018|
|Standard rate VAT fraction||1/6|
|Reduced rate VAT fraction||1/21|
|Registration – last 12 months or next 30 days over||£85,000|
|Deregistration – next 12 months under||£83,000|
|Cash accounting scheme – up to||£1,350,000|
|Optional flat rate scheme||£150,000|
|– joining up to||£150,000|
|– exiting over||£230,000|
|Annual accounting scheme – up to||£1,350,000|
VAT Flat Rate Scheme
Please visit the following page for the VAT Flat Rate Scheme Percentages.
Cars and your VAT return
The VAT Scale Charge is a private use adjustment based on carbon emissions, please refer to the VAT Scale Charge Rates page to get the rates for your VAT returns.
Please visit the following page for a summary of VAT Penalties for Late VAT Registration, Errors on VAT Returns and Late Submission of VAT Returns.
Contact us on 07712218540 or Request a Call Back