VAT - Rates & thresholds

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VAT Rates & thresholds

If you are looking at VAT or planning your finances, please feel free to contact us. We can discuss your specific circumstances to help you plan tax efficiently.

Standard Rate20%
Reduced Rate5%
Annual Registration Limit from 01 /04/18 - 31 /03/20£85,000
Annual Deregistration Limit from 01 /04/18 - 31/03/20£83,000

VAT Schemes

VAT schemeRegistration ThresholdDeregistration Threshold
Cash Accounting Scheme£1,350,000£1,600,000
Annual Accounting Scheme£1,350,000£1,600,000

Businesses with annual taxable turnover of up to £150,000 can register for a Flat Rate Scheme.

They must leave the Flat Rate Scheme once annual taxable turnover exceeds £230,000, or is expected to exceed £230,000 in the next 30 days.

Please contact us for further information.

Our service to you

If you are a self employed, business owner/director of company looking to get your accountancy and taxation matters sorted, look no further. We, at Naail & Co, are pro-active and easily accessible accountants and tax advisors, who will not only ensure that all your filing obligations are up to date with Companies House and HMRC, but also you do not pay a penny more in taxes than you have to. We work on a fixed fee basis and provide same day response to all your phone and email enquiries. We will also allocate a designated accounts manager who would have better understanding of your and business financial and taxation affairs. Looking for an accounting firm in North London? Or the best accountant in East London? Book a free consultation call using the link below.