United Kingdom

Country	United Kingdom
Currency	GBP
EU Member State	Yes
Standard VAT rate	20%
Reduced VAT rate	0% / 5%
VAT registration limit for established businesses	82000 GBP
VAT registration limit for non-established businesses	Nil
VAT registration rate for distance sellers	70000 GBP
VAT return filing periods	Quarterly
Annual returns	No
Intrastat thresholds: dispatches and arrivals	1500000 GBP for arrivals/ 250000 GBP for dispatches
EC Sales Lists frequency	Quarterly
Additional reporting requirements	No
VAT recovery by non-established non-EU businesses	Yes where reciprocity has been agreed
Reverse Charge	Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses	In certain instances, please contact Essentia for specific advice
Statute of limitations	4 years