If you are looking at VAT or planning your finances, please feel free to contact us. We can chat through your specific circumstances to help you plan your tax efficiently.
|Annual Registration Limit from 01/04/15 – 31/03/16||£82,000|
|Annual; Deregistration Limit from 01/04/15 – 31/03/2016||£80,000|
|Scheme Thresholds||Registration Threshold||Deregistration Threshold|
|Cash Accounting Scheme||£1,350,000||£1,600,000|
|Annual Accounting Scheme||£1,350,000||£1,600,000|
Businesses with annual taxable turnover of up to £150,000 can register for the flat rate scheme. A person must leave the scheme once annual taxable turnover exceeds £230,000, or is expected to exceed £230, 000 in the next 30 days.
Please contact us for further information.
The information given have been provided as a helpful reference point. The Tax Rates provide a guide only and your specific circumstances are best discussed directly with us.
No action should be taken without seeking the appropriate professional or legal advice. The authors accept no responsibility whatsoever for any loss occasioned by anyone acting on information within this APP.