| Past turnover |
Future turnover (2) |
| Period of application (1) |
1 year (£) |
Unless next year less than |
30 days (3) |
| From 1 April 2017 |
85,000 |
83,000 |
85,000 |
| 1 April 2016 to 31 March 2017 |
83,000 |
81,000 |
83,000 |
| 1 April 2015 to 31 March 2016 |
82,000 |
80,000 |
82,000 |
(1) A trader who exceeds the relevant threshold at any time within the relevant dates must register for VAT mandatorily.
(2) Taxable supplies include zero rate and all positive rates.
(3) A trader must register if they reasonable believe that the value of taxable supplies in the next 30 days will exceed limit.
| Scheme |
Threshold to join |
Threshold to leave |
| Flat rate scheme threshold (1) |
150,000 |
150,000 |
| Cash accounting scheme threshold (2) |
1,350,000 |
1,600,000 |
| Annual Accounting Scheme threshold (3) |
1,350,000 |
1,600,000 |
(1) A trader can join the flat rate scheme and pay a flat rate depending on industry.
(2) Supplies are determined by cash payments and receipts.
(3) Make advance VAT payments towards your VAT bill and submit 1 VAT return.