Tax Tables

Value Added Tax (VAT)

From 1 April 2007
Standard Rate 17.5%
VAT Fraction 7 / 47

Taxable Turnover Limits
Registration - last 12 months or next 30 days over £64,000
Deregistration - next year under £62,000
Annual Accounting Schemes £1,350,000
Cash Accounting Schemes £1,350,000
Flat Rate Scheme £150,000