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Accreditations

Partners
Stuart Berriman (FCCA, ACA)
Paul Chubbock (FCCA)
Graham Day (FCA, DChA)
Ian McGraw (Dip, PFS)

VAT Rates

The VAT rates and thresholds are as follows:

From 1 April 2018 1 April 2019 1 April 2020 1 April 2021 1 April 2022
Lower rate 0% 0% 0% 0% 0%
Reduced rate 5% 5% 5% 5% 5%
Standard rate 20% 20% 20% 20% 20%
Registration turnover £85,000 £85,000 £85,000 £85,000 £85,000
Deregistration turnover £83,000 £83,000 £83,000 £83,000 £83,000
Acquisitions from EU member states, registration and deregistration threshold £85,000 £85,000 £85,000 £85,000 £85,000

For the period 15 July 2020 to 12 January 2021 there is a temporary 5% reduced rate of VAT for certain supplies of hospitality, hotel and holiday accommodation, and admissions to certain attractions.

 

BBC Business News