Value Added Tax
| From 4.1.11 | From 1.1.10 | |
|---|---|---|
| Rates of tax: | ||
| Standard rate | 20% | 17.5% |
| Reduced rate (including fuel and power) | 5% | 5% |
| VAT as fraction of gross price | 1/6 | 7/47 |
| Annual turnover limits: | ||
| Registration | £70,000 | £70,000 |
| Deregistration | £68,000 | £68,000 |
| From 4.1.11 | From 1.1.10 | |
|---|---|---|
| Rates of tax: | ||
| Standard rate | 20% | 17.5% |
| Reduced rate (including fuel and power) | 5% | 5% |
| VAT as fraction of gross price | 1/6 | 7/47 |
| Annual turnover limits: | ||
| Registration | £70,000 | £70,000 |
| Deregistration | £68,000 | £68,000 |