Compulsory registration for VAT
| Annual Turnover Limits |
Registration
Threshold
|
Deregistration
Limit
|
| 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
|
| 01.04.00 to 31.03.01 |
£52,000
|
£50,000
|
| 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 |
|
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