Tax Rates & Allowances 2016/17

Value Added Tax

Standard rate 20%
Reduced rate 5%
Annual Registration Limit - from 1.4.16 (1.4.15 - 31.3.16 £82,000) £83,000
Annual Deregistration Limit - from 1.4.16 (1.4.15 - 31.3.16 £80,000) £81,000