VAT

Rates

Standard: 20% (unchanged from 2014/15)
Reduced: 5% (unchanged from 2014/15)

Limits

Annual limit 2015/16 (£) 1

2014/15 (£) 2

Registration 82,000 81,000
Deregistration 80,000 79,000

Notes…

1. 1st April 2015 to 31st March 2016
2. 1st April 2014 to 31st March 2015