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VAT

Compulsory registration for VAT

Annual Turnover Limits
Registration
Threshold
Deregistration
Limit
From 1 April 2012 £77,000 £75,000
From 1 April 2011 £73,000 £71,000
01.04.10 to 31.03.11 £70,000 £68,000
01.05.09 to 31.03.10
£68,000
£66,000
01.04.08 to 30.04.09
£67,000
£65,000
01.04.07 to 31.03.08
£64,000
£62,000
01.04.06 to 31.03.07
£61,000
£59,000
01.04.05 to 31.03.06
£60,000
£58,000
01.04.04 to 31.03.05
£58,000
£56,000
10.04.03 to 31.03.04
£56,000
£54,000
25.04.02 to 09.04.03
£55,000
£53,000
01.04.01 to 24.04.02
£54,000
£52,000

 

Rates of Tax From 4th Jan 2011
From 1st Jan 2010
Starting rate 20% 17.5%
Reduced rate (including fuel and power)
5.00% 5.00%
VAT as a fraction of gross price                            
1/6 7/47