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Tax Rates & Allowances

Value Added Tax

Standard rate 20%
Reduced rate 5%
Annual Registration Limit - from 1.4.11 (1.4.10 - 31.3.11 £70,000) £73,000
Annual Deregistration Limit - from 1.4.11 (1.4.10 - 31.3.11 £68,000) £71,000