{
  "api": "Tidy Sheets UK Tax Rates API",
  "version": "v1",
  "topic": "vat",
  "tax_year": "2025-26",
  "tax_year_start": "2025-04-06",
  "tax_year_end": "2026-04-05",
  "currency": "GBP",
  "source_urls": [
    "https://www.gov.uk/vat-rates",
    "https://www.gov.uk/how-vat-works/vat-thresholds",
    "https://www.gov.uk/register-for-vat",
    "https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-should-i-be-registered-for-vat",
    "https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-supplement--2",
    "https://www.gov.uk/guidance/vat-guide-notice-700"
  ],
  "last_verified": "2026-10-17",
  "licence": {
    "name": "Free to use, including commercially, with attribution",
    "attribution": "Please credit 'UK tax rates from Tidy Sheets' with a link to https://tidysheets-uk.pages.dev/uk-tax-rates-api",
    "attribution_html": "<a href=\"https://tidysheets-uk.pages.dev/uk-tax-rates-api\">UK tax rates from Tidy Sheets</a>"
  },
  "disclaimer": "General information only, not tax or financial advice. Figures were checked against GOV.UK on the last_verified date; always check GOV.UK for your own situation. Income Tax bands are for England, Wales and Northern Ireland (Scotland has its own bands for non-savings, non-dividend income).",
  "docs": "https://tidysheets-uk.pages.dev/uk-tax-rates-api",
  "related_calculators": [
    "https://tidysheets-uk.pages.dev/vat-calculator"
  ],
  "rates": {
    "standard": 0.2,
    "reduced": 0.05,
    "zero": 0
  },
  "standard_rate_since": "2011-01-04",
  "vat_fractions": {
    "standard": "1/6",
    "reduced": "1/21"
  },
  "registration_threshold": 90000,
  "deregistration_threshold": 88000,
  "forward_look_days": 30,
  "threshold_period": "1 April 2025 to 31 March 2026",
  "threshold_basis": "Register if VAT taxable turnover in the last 12 months (checked at the end of each month) is MORE than the registration threshold, or if you expect taxable turnover in the next 30 days alone to be more than it. Taxable turnover includes zero-rated and reduced-rated sales, not exempt or out-of-scope sales or sales of capital assets.",
  "deadline_rules": {
    "past_12_months": "Register within 30 days of the end of the month you went over; effective date of registration = first day of the second month after.",
    "next_30_days": "Register by the end of that 30-day period; effective date = the date you realised.",
    "deregistration": "If taxable turnover falls below the deregistration threshold you can ask HMRC to cancel (optional)."
  },
  "notes": "VAT thresholds aren't tied to the Income Tax year: HMRC lists them by period from 1 April. 2026-27 = the current thresholds (VAT Notice 700/1 supplement, updated 5 August 2026); 2025-26 = 1 April 2025 to 31 March 2026. Rates are decimals (0.2 = 20%). UK-based businesses only; different rules apply to non-established taxable persons and Northern Ireland/EU trade."
}