| 2008/09 | 2007/08 | |
| Standard Rate | 17.5% | 17.5% |
| Lower Rate* | 5% | 5% |
| Zero Rate | 0% | 0% |
*On a limited range of goods and services.
Registration threshold (changes from 1 April 2008): taxable supplies at the end of any month exceed £67,000 (£64,000) in the past 12 months or will at any time exceed £67,000 (£64,000) in the next 30 days.
Different registration thresholds apply for supplies from other EC Member States