Rates | 2021/22 | 2020/21 |
---|---|---|
Standard | 20% | 20% |
Reduced | 5% | 5% |
Zero | 0% | 0% |
Exempt | N/A | N/A |
Temporary reduced rate for hospitality and tourism 1 | 5% | 12.5% |
Thresholds 1 | 2021/22 | 2020/21 |
---|---|---|
VAT registration | £85,000 | £85,000 |
VAT de-registration | £83,000 | £83,000 |