Chartered Accountants of Poynton, Cheshire

Keep your income below the age allowance limit

There are many ways to save tax - all of them perfectly legal.

For example, if you are over 65, keep your income below the £18,900 limit - at that limit the higher allowances are scaled back.

Call us at Appletons Accountants and we'll tell you more!

Pay less tax - Create a tax shelter investment

There are many ways to save tax - all of them perfectly legal.

Did you know that....

Tax can be effectively deferred by investment in Enterprise Investment Scheme shares, Venture Capital Trust shares (both subject to limits), or in film finance partnerships?

Call us at Appletons Accountants and we'll tell you more!

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Home > Individuals & Families > Paying Less Tax > VAT Rates Summary

VAT Rates Summary

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.

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E: appletons | T: 01625 260990 | F: 01625 260991
Appletons Chartered Accountants, Suite 1, Armcon Business Park, London Road South, Poynton, Cheshire SK12 1LQ

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Please contact Appletons Accountants to ensure you get appropriate advice based upon your own financial situation.