Tax Rates & Allowances 2015/16

Value Added Tax

Standard rate 20%
Reduced rate 5%
Annual Registration Limit - from 1.4.15 (1.4.14 - 31.3.15 £81,000) £82,000
Annual Deregistration Limit - from 1.4.15 (1.4.14 - 31.3.15 £79,000) £80,000