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Tax Rates & Allowances

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Value Added Tax

Standard rate 20%
Reduced rate 5%
Annual Registration Limit - from 1.4.12 (1.4.11 - 31.3.12 £73,000) £77,000
Annual Deregistration Limit - from 1.4.12 (1.4.11 - 31.3.12 £71,000) £75,000