Value Added Tax-2015
| From | 1 Apr 2015 |
|---|---|
| Standard rate | 20% |
| VAT fraction | 1/6 |
| Reduced rate | 5% |
| Current Turnover Limits | |
| Registration - last 12 months or next 30 days over | £82,000 from 1 April 2015 |
| Deregistration - next 12 months under | £80,000 from 1 April 2015 |
| Annual and Cash Accounting Schemes | £1,350,000 |
| Flat Rate Scheme | £150,000 |