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VAT — Rates and Thresholds

Rates 2024/25 2023/24
Standard 20% 20%
Reduced 5% 5%
Zero 0% 0%
Exempt N/A N/A
Thresholds 1 2024/25 2023/24
VAT registration £90,000 £85,000
VAT de-registration £88,000 £83,000
  1. The VAT registration and deregistration thresholds will be frozen until 31 March 2026.