Value Added Tax

VAT rates	2026/27	2025/26	2024/25
Standard rate	20%	20%	20%
Reduced rate	5%	5%	5%
Zero rate	0%	0%	0%
Exempt	N/A	N/A	N/A

VAT registration and deregistration thresholds	2026/27	2025/26	2024/25
Registration threshold	£90,000	£90,000	£85,000
Deregistration threshold	£88,000	£88,000	£83,000

Flat rate scheme registration and deregistration thresholds	2026/27	2025/26	2024/25
Registration threshold	£150,000	£150,000	£150,000
Deregistration threshold	£230,000	£230,000	£230,000

Cash accounting scheme registration and deregistration thresholds	2026/27	2025/26	2024/25
Registration threshold	£1,350,000	£1,350,000	£1,350,000
Deregistration threshold	£1,600,000	£1,600,000	£1,600,000

Annual accounting scheme registration and deregistration thresholds	2026/27	2025/26	2024/25
Registration threshold	£1,350,000	£1,350,000	£1,350,000
Deregistration threshold	£1,600,000	£1,600,000	£1,600,000

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Graham Lloyd (Bedford) Limited

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