Professional accountants serving the UK and helping small businesses to grow!
Whether you are an expanding company or just starting up, KAMP Accountants is here to help.
With extensive experience working with large and small clients throughout the UK, we support large and small business in a broad range of business sectors with all their accountancy requirements.
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VAT Rates
The VAT rates and thresholds are as follows:
| From |
1 April 2019 |
1 April 2020 |
1 April 2021 |
1 April 2022 |
1 April 2023 |
| Lower rate |
0% |
0% |
0% |
0% |
0% |
| Reduced rate |
5% |
5% |
5% |
5% |
5% |
| Standard rate |
20% |
20% |
20% |
20% |
20% |
| Registration turnover |
£85,000 |
£85,000 |
£85,000 |
£85,000 |
£85,000 |
| Deregistration turnover |
£83,000 |
£83,000 |
£83,000 |
£83,000 |
£83,000 |
| Acquisitions from EU member states, registration and deregistration threshold |
£85,000 |
£85,000 |
£85,000* |
£85,000* |
£85,000* |
* From 1 January 2021 this is only relevant for supplies of goods into Northern Ireland.
For the period 15 July 2020 to 30 September 2021 there was a temporary 5% reduced rate of VAT for certain supplies of hospitality, hotel and holiday accommodation, and admissions to certain attractions. From 1 October 2021 to 31 March 2022 these supplies were subject to VAT at 12.5%.
See our helpsheet on the working time and minimum wage regulations.
Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.
- Accounts and Taxation
- Accounts prepared on time and presented to you at your premises
- Income tax calculations and projections
- Annual superannuation certificates for Partners
- Practice manager training about bookkeeping
- 2 - 4 meetings in a year at your premises
- Personal expenses
- Payroll
- SD55 for practice staff
- Installation and training in respect of practice computerised accounting system
- Unlimited telephone and email support for adhoc queries
Non - recurrent Services
•VAT advice •Capital gains tax planning •Partnership agreements •Surgeries finances •Pension planning •Budget and cashflow planning •Inheritance Tax planning
Recurrent Annual Services based on fixed fee:
- Accounts and Taxation
- Accounts prepared on time and presented to you at your premises
- Income tax calculations for Principles and Associates
- Practice manager training about bookkeeping
- 2-4 meetings in a year at your premises
- Personal expenses
- Payroll
- SD55 for practice staff
- Installation and training in respect of practice computerised accounting system
- Unlimited telephone and email support for adhoc queries
Non - recurrent Services
- VAT advice
- Capital gains tax planning
- Partnership agreements
- Surgeries finances
- Pension planning
- Budget and cashflow planning
- Inheritance Tax planning
Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.
Our specialist team provides a wide range of accounting and business services to General Practice.
Recurrent Annual Services based on fixed fee:
Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.
Recurrent Annual Services based on fixed fee:
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