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VAT — Rates and Thresholds
Rates
2023/24
2022/23
Standard
20%
20%
Reduced
5%
5%
Zero
0%
0%
Exempt
N/A
N/A
Thresholds
1
2023/24
2022/23
VAT registration
£85,000
£85,000
VAT de-registration
£83,000
£83,000
The VAT registration and deregistration thresholds will be frozen until 31 March 2026.