Home > News > Value Added Tax – Budget Report 18 March 2015
Value Added Tax – Budget Report 18 March 2015
Value Added Tax
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 accounting scheme |
£1,350,000 |
Cash Accounting Scheme |
£1,350,000 |
Flat-rate scheme |
£150,000 |
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