VAT Rates Summary
|
From |
1 May 2009 |
1 April 2008 |
|
Standard Rate |
15%* |
17.5%/15% |
|
Reduced Rate |
5% |
5% |
|
Taxable Turnover Limits |
|
|
|
Registration - last 12 months or |
|
|
|
Registration - next 30 days over |
£ 68,000 |
£ 67,000 |
|
Deregistration - next year under |
£ 66,000 |
£ 65,000 |
|
Annual Accounting Scheme |
£ 1,350,000 |
£ 1,350,000 |
|
Cash Accounting Scheme |
£ 1,350,000 |
£ 1,350,000 |
|
Flat Rate Scheme |
£ 150,000 |
£ 150,000 |
* 15% rate effective from 1st December 2008
PLEASE NOTE: The information contained on this page and other pages in this website is for general guidance only.
No responsibility is taken for action taken or refrained from in consequence of the contents of this website.