From 1 April 2018
Standard rate 20%
VAT fraction 1/6
Reduced rate 5%
Current Turnover Limits
Registration – last 12 months or next 30 days over £85,000 from 1 April 2018
Deregistration – next year under £83,000 from 1 April 2018
Annual and Cash Accounting Schemes £1,350,000
Flat Rate Scheme £150,000