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You must register for VAT if your turnover for the previous 12 months is over a specific limit - currently £68,000 - or if you think your turnover may soon go over this limit. You may register voluntarily at any time. There are a few exemptions from registration. Standard rate - 17.5 per cent up to 30 November 2008. From 1 December 2008 to 31 December 2009 the standard rate is 15 per cent. It will change back to 17.5 per cent on 1 January 2010. Reduced rate - 5 per cent Zero rate - 0 per cent Need help with your VAT? Let us do it for you at very reasonable rates. e-mail us at info@alans-accounting.co.uk Usefull link... |
