0330 133 1643
contact@balloonaccounting.co.uk
BH7 7BG, Bournemouth, UK

VAT

with you on the journey to a brighter future

VAT

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 01/04/2018 to 31/03/2020£85,000
Annual deregistration limit from 01/04/2018 to 31/03/2020£83,000
Scheme ThresholdsRegistration 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.

Disclaimer: This Website / App and its contents have been produced as a helpful reference point. The information should be used as a guide only and your specific circumstances are best discussed directly with us.
No reliance should be placed on this material and no action should be taken without seeking the appropriate professional or legal advice. Although the authors make reasonable efforts to ensure the content of this Website / App is accurate and up-to-date, the authors make no representations, warranties or guarantees that the content is accurate, complete or up-to-date and accept no responsibility whatsoever for any loss occasioned by anyone acting on information within this Website / App.

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