Value added tax
| From 1 April 2019 | From 1 April 2018 | |
| Standard rate | 20% | 20% |
| Standard rate VAT fraction | 1/6 | 1/6 |
| Reduced rate | 5% | 5% |
| Reduced rate VAT fraction | 1/21 | 1/21 |
| Zero rate | 0% | 0% |
| Registration - last 12 months or next 30 days over | £85,000 | £85,000 |
| Deregistration - next 12 months under | £83,000 | £83,000 |
| Cash accounting scheme - up to | £1.35m | £1.35m |
| Optional flat rate scheme | ||
| joining up to | £150,000 | £150,000 |
| exiting over | £230,000 | £230,000 |
| Annual accounting scheme - up to | £1.35m | £1.35m |
| Intrastat arrivals threshold | £1.5m | £1.5m |
| Intrastat dispatches threshold | £250,000 | £250,000 |
| EC sales list reporting threshold | nil | nil |
VAT flat-rate scheme
A business must leave the scheme when turnover increases to £230,000. However, a business can remain in the scheme with HMRC's written agreement provided it can be shown that total sales in the following 12 months will be less than £191,500 including VAT.
Cars and your VAT return
VAT scale figues for private use are based on carbon emissions.
It is expected that the standard rate of VAT will remain at 20% until at least after the 2015 General Election.
Cars and your VAT return
VAT scale figures for private use are based on carbon emissions. Please refer here for the scale figures for VAT returns.
In the 11th and 12th centuries half a million pilgrims a year travelled on foot from all over Europe to Santiago de Compostela in northern Spain. In September 1992 Patrick Shanahan retraced their steps, recording his 500 mile journey in a series of photographs, some of which are reproduced on this website.