Value added tax

The current VAT percentages and the annual registration and deregistration thresholds.

Call 02476 251333 / 01926 888865 or email accts@leigh-christou.co.uk

Registered businesses charge Value Added Tax (VAT) on their sales. This is known as output VAT and the sales are referred to as outputs.

Similarly VAT is charged on most goods and services purchased by the business. This is known as input VAT.

There are three rates: standard which applies to most goods and services, reduced rate for some goods and services such as home energy and zero rate goods and services, for example, most food and children's clothes.

Some supplies are exempt from VAT for example postage stamps, financial and insurance transactions.

A business is required to register for VAT if the value of taxable supplies exceeds the annual registration limit.

Rates

Standard: 20%

Reduced: 5%

Limits

Annual Registration Limit (1.4.25 to 31.3.26): £90,000

Annual Deregistration Limit (1.4.25 to 31.3.26): £88,000

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Leigh Christou Limited was established as a firm of Accountants in 1983 converting to a Limited Liability Partnership in 2010 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

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Contact Details

Please call:
02476 251333 / 01926 888865

Leigh Christou Limited, Leofric House, Binley Road, Gosford Green, Coventry, West Midlands CV3 1JN

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Leigh Christou Ltd are registered as auditors and are regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants. Audit Register No. 8000853

Leigh Christou Ltd is registered in England. Company No. 8829664. Registered office: Leofric House, Binley Road, Coventry CV3 1JN.

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