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Value Added Tax


Registration level from 1/4/10 £70,000
Standard rate from 4/1/11 20%
Standard rate1/1/10 to 3/1/11 17.5%
Reduced rate, eg on domestic fuel 5%
Flat rate scheme turnover limit £150,000
Cash and annual accounting schemes turnover limit £1,350,000

 

© 22 June 2010. For general information only. Subject to the Finance Act 2010. It is recommended you seek competent professional advice before acting.
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The FSA does not regulate taxation advice.

Levels, bases of and reliefs from taxation may be subject to change.