Value Added Tax



 

 

2019

2018

 

 

 

 

Standard rate

20%

20%

 

 

 

 

Standard rate VAT fraction

1/6

1/6

 

 

 

 

Reduced rate

5%

5%

Reduced rate VAT fraction

1/21

1/21

 

 

 

Taxable Turnover Limits

 

 

Registration limit

£85,000

£84,000

Deregistration limit

£83,000

£82,000

Cash accounting scheme    - up to

£1,350,000

£1,350,000

Optional flat rate scheme   - up to

£150,000

£150,000

Annual accounting scheme - up to

£1,350,000

£1,350,000

 

 

 

Fuel Scale charges for the supply of fuel for private motoring are chargeable based upon the CO2 emissions of the vehicle.

 

 

Office Information

Williams Knowles & Co

Lloyd Chambers

139 Carlton Road

Worksop

S81 7AD

 

Telephone:  (01909) 500232

 

Facsimile:    (01909) 473544

 

Email: williamsknowlesco@

           btopenworld.com

 

Office hours:

 

Monday to Friday 9am to 5pm

 

Other times are available by appointment