Value Added Tax
| Registration level from
01/4/06: |
£61,000 |
| Standard Rate |
17.5% |
| Reduced rate, eg on domestic fuel |
5% |
| Flat rate scheme turnover limit |
£150,000 |
| Cash* and annual accounting turnover
limit |
£1,350,000 |
|
*
Increase in cash limit from £660,000 subject to EU approval
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