| REGISTRATION
LIMITS
UK
Taxable Supplies
| |
Past
turnover1
|
Future
turnover1
|
|
1
year
|
Unless
turnover for next year will not exceed:
|
30
days2
|
| 1.4.04
onwards |
£58,000
|
£56,000
|
£58,000
|
| 10.4.03
- 31.3.04 |
£56,000
|
£54,000
|
£56,000
|
| 25.4.02
- 9.4.03 |
£55,000
|
£53,000
|
£55,000
|
| 1.4.01
- 24.4.02 |
£54,000
|
£52,000
|
£54,000
|
| 1.4.00
- 31.3.03 |
£52,000
|
£50,000
|
£52,000
|
| 1.4.99
- 31.3.00 |
£51,000
|
£49,000
|
£51,000
|
| 1.4.98 - 31.3.99 |
£50,000
|
£48,000
|
£50,000
|
1.
Value of taxable supplies (at zero and positive rates).
2. Where there are reasonable grounds for believing
that limit will be exceeded in this period. DEREGISTRATION
LIMITS
UK
Taxable Supplies
| Future turnover |
Annual limit |
| 1.4.04
onwards |
£56,000 |
| 10.4.03
- 31.3.04 |
£54,000 |
| 25.4.02
- 9.4.03 |
£53,000 |
| 1.4.01
- 24.4.02 |
£52,000 |
| 1.4.00
- 31.3.01 |
£50,000 |
| 1.4.99
- 31.3.00 |
£49,000 |
| 1.4.98 - 31.3.99 |
£48,000 |
Unless during the year, the person will cease making taxable supplies (or suspend making taxable supplies for 30 days or more). RATE
OF TAX
| |
Standard rate |
VAT fraction |
Reduced rate |
VAT fraction |
| 1.9.97
onwards |
17.5%
|
7/47
|
5%
|
1/21
|
| 1.4.94
- 31.8.97 |
17.5% |
7/47 |
8% |
2/27 |
|
