VAT Rates

The latest VAT Rates are detailed in the table below:

From 1 April 2018
Standard rate20%
Standard rate VAT fraction1/6
Reduced rate5%
Reduced rate VAT fraction1/21
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.

VAT Penalties

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.

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