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Home > > 2009/10 rates and allowances > VAT rates

VAT rates

From 1 May 2009 to 31 December 2009 From 1 January 2010
Standard rate 15% 17.5%
Standard rate VAT fraction 3/23 7/47
Reduced rate 5% 5%
Reduced rate VAT fraction 1/21 1/21
Taxable turnover limits
Registration - last 12 months or next 30 days over £68,000 £68,000
Deregistration - next 12 months under £66,000 £66,000
Cash accounting scheme - up to £1,350,000 £1,350,000
Optional flat rate scheme - up to £150,000 £150,000
Annual accounting scheme - up to £1,350,000 £1,350,000

Cars and your VAT return

VAT scale figures for private use are now based on carbon emissions. Please refer here for the scale figures for  one month, three month, and annual VAT returns.

Did you know?

That the Government expects to receive £63.7 billion from VAT in the current tax year (2008/09 £78.4 billion)

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