VAT - RATES & TURNOVER LIMITS
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The standard rate of VAT is 20%. Some things are exempt from VAT, eg. postage stamps, financial and property transactions. The VAT rate businesses charge depends on their goods and services.
The VAT registration threshold is £90,000, having risen from £85,000 on 1 April 2024 — the first increase since 2017. The deregistration threshold is £88,000. Both figures have remained unchanged through 2025/26 and 2026/27, with no change announced at the Spring Statement 2026.
We offer a comprehensive VAT service including assessing the benefits and disadvantages of registration, deciding on the most appropriate scheme and attending to VAT registration.
| RATES AND LIMITS | From 1.4.2024 | From 1.4.2025 | From 1.4.2026 |
|---|---|---|---|
| Standard rate | 20% | 20% | 20% |
| Reduced rate | 5% | 5% | 5% |
| Annual registration limit | £90,000 | £90,000 | £90,000 |
| Annual de-registration limit | £88,000 | £88,000 | £88,000 |
| Cash & annual accounting turnover limit | £1.35m | £1.35m | £1.35m |
| Cash & annual accounting - exit turnover | £1.6m | £1.6m | £1.6m |
| Flat rate schemes - entry turnover limit | £150,000 | £150,000 | £150,000 |
| Flat rate schemes - exit turnover limit | £230,000 | £230,000 | £230,000 |
Rates & Allowances Pages ► Income Tax Rates & Allowances ■ Capital Gains Tax ■ Pensions ■
■ Inheritance Tax ■ National Insurance ■ Statutory Pay ■ Child Benefit ■ Vehicles ■ VAT ■ ISAs ■
Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660
Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414
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01332 202660
61 Friar Gate Derby DE1 1DJ
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