|
From |
1 April 2008
|
1 April 2007
|
|
Standard Rate |
17.5%
|
17.5%
|
|
VAT Fraction |
7/47
|
7/47
|
|
Reduced Rate |
5%
|
5%
|
|
Taxable Turnover Limits |
|
|
|
Registration - last 12 months or |
|
|
|
Registration - next 30 days over |
£ 67,000
|
£ 64,000
|
|
Deregistration - next year under |
£ 65,000
|
£ 62,000
|
|
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
|
PLEASE NOTE: The information contained on this page and other pages in this website is for general guidance only.
No responsibility is token for action taken or refrained from in consequence of the contents of this website.
