Value Added Tax

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Value Added Tax Table
From 1st April 2017 From 1st April 2016
Rates of Tax
Standard rate
20% 20%
Reduced rate (including fuel and power) 5% 5%
VAT as a fraction of gross price 1/6 1/6
From 1st April 2017 From 1st April 2016
Annual Turnover Limits
Registration £85,000 £83,000
Deregistration £83,000 £81,000

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