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
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


