Standard rate 17.5% (7/47 VAT inclusive price)
Reduced rate 5% (1/21 VAT inclusive price)

Registration limit from 10 April 2005 :
     £58,000* per annum
    

* The registration limit for acquisitions made from other EU Member States is £56,000 from 10 April 2003 and for distance sales into the UK remains £70,000.

Partial exemption de minimis limit is £625 per month (£7,500 per annum) and 50% of total VAT on purchases.

Private fuel supplied to employees free or below cost - output tax scale charge for quarterly VAT periods beginning after 30 April 2003. (Customs also publish details for monthly and annual returns).