Value Added Tax
 
© Copyright 23rd March 2011, subject to final legislation. For information only. Always seek professional advice before acting.
Registration level from 1/4/11 £73,000
Standard rate from 4/1/11 20%
Reduced rate, eg on domestic fuel 5%
Flat rate scheme turnover limit £150,000
Cash and annual accounting schemes turnover limit £1,350,000