VAT rates
The following VAT rates apply.
| Rates per year | 2007/2008 | 2006/2007 |
|---|---|---|
| Registration threshold | £64,000 | £61,000 |
| Deregistration threshold | £62,000 | £59,000 |
| Standard rate | 17.5% | 17.5% |
| Reduced rate | 5% | 5% |
Business VAT registration numbers can be verified online at European Union online.
This page was last reviewed on 16 April 2007. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
