David Barry Accountants and tax advisers 020 8252 7018/07877671423
Value Added TaxStandard Rate from 01/01/10 Standard rate to 31/12/09 | 17.5% 15% |
| Reduced Rate eg on domestic fuel | 5% |
Annual Registration Limit - from 1.4.10 (1.4.08 - 31.3.10 £68,000) | £70,000 |
Annual Deregistration Limit - from 1.4.09 Flat rate scheme turnover limit Cash and annual accounting schemes turnover limit | £66,000 £150,000
£1,350,000
|
standard rate - currently 17.50% per cent, from 1 January 2010(formerly 15%)
comment: Although, a 2 and 1/2 % reduction seemed small (I thought so to) it does make a difference on multiple purchases. Therefore, I hope that you made sure that you purchased (if possible, of course) your equipment (especially major) before the deadline of 1 January 2010.
http://www.hmrc.gov.uk/VAT/forms-rates/rates/rates.htm
David Barry Accountants and tax advisers 020 8252 7018/07877671423