VAT Tax Amount
Starting figure (£)
Does this figure already include VAT?
Yes
No
Net amount
VAT at 20%
Gross amount
The current rates and thresholds are:
Registration threshold
£70,000
Deregistration threshold
£68,000
Annual accounting threshold up to
£1,350,000
Cash accounting scheme up to
£1,350,000
Standard VAT rate
20%
Reduced rate
5%
