Tax Rates & Allowances 2014/15

Value Added Tax

Standard rate 20%
Reduced rate 5%
Annual Registration Limit - from 1.4.14 (1.4.13 - 31.3.14 £79,000) £81,000
Annual Deregistration Limit - from 1.4.14 (1.4.13 - 31.3.14 £77,000) £79,000