From 1 April 2009
| Standard Rate |
15% upto 31/12/09 then 17.5% |
| Vat Fraction |
3/23 upto 31/12/09 then 7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£68,000 |
| Deregistration - next year |
£66,000 |
| Cash Accounting Schemes |
£1,350,000 |
| Flat Rate Scheme |
£150,000 |
From the 1st December 2008 to 31st December 2009Standard Rate of VAT will be 15% as per the pre-budget report Nov 2008. Vat Fraction is changed to 3/23
From 1 April 2008
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£67,000 |
| Deregistration - next year |
£65,000 |
| Cash Accounting Schemes |
£1,350,000 |
| Flat Rate Scheme |
£150,000 |
From 1 April 2007
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£64,000 |
| Deregistration - next year |
£62,000 |
| Cash Accounting Schemes |
£1,350,000 |
| Flat Rate Scheme |
£150,000 |
From 1 April 2006
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£61,000 |
| Deregistration - next year |
£59,000 |
| Cash Accounting Schemes |
£660,000 |
| Flat Rate Scheme |
£150,000 |
From 1 April 2005
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£60,000 |
| Deregistration - next year |
£58,000 |
| Cash Accounting Schemes |
£660,000 |
| Flat Rate Scheme |
£150,000 |
From 1 April 2004
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£58,000 |
| Deregistration - next year |
£56,000 |
| Cash Accounting Schemes |
£660,000 |
| Flat Rate Scheme |
£150,000 |
From 10 April 2003
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£56,000 |
| Deregistration - next year |
£54,000 |
| Cash Accounting Schemes |
£600,000 |
| Flat Rate Scheme |
£150,000 |
From 25 April 2002
| Standard Rate |
17.5% |
| Vat Fraction |
7/47 |
Turnover registration limits
(Last 12 months or next 30 days) |
£55,000 |
| Deregistration - next year |
£53,000 |
| Cash Accounting Schemes |
£600,000 |
| Flat Rate Scheme |
£100,000 |
|