Value Added Tax (VAT)

From	1 April 2016
Standard rate	20%
VAT fraction	1/6
Reduced rate	5%
Current Turnover Limits
Registration - last 12 months or next 30 days over	£83,000 from 1 April 2016
Deregistration - next 12 months under	£81,000 from 1 April 2016
Annual and Cash Accounting Schemes	£1,350,000
Flat Rate Scheme	£150,000

+44 (0)1823 462400

+44 (0)845 121 2800

+44 (0)1823 462401

Reception@bjdixonwalsh.com