Value Added Tax

Standard rate 17.5%*
Reduced rate 5%
Annual Registration Limit - from 1.4.10 (1.5.09 - 31.3.10 £68,000) £67,000) £70,000
Annual Deregistration Limit - from 1.4.10 (1.5.09 - 31.3.10 £66,000) £68,000

* 15% from 1 December 2008 to 31 December 2009.