| Standard rate * | 17.5% |
| Standard rate VAT fraction | 7/47 |
| Reduced rate, eg on domestic fuel | 5% |
| Reduced rate - conversion / repair for qualifying property |
5% |
| Turnover Thresholds | From
1 April 2010 | From
1 April 2009 |
| Registration - last 12 months or next 30 days over | £70,000 |
£68,000 |
| Deregistration - coming year under | £68,000 |
£66,000 |
| Cash Accounting Threshold | £1,350,000 |
£1,350,000 |
| Flat Rate Scheme Threshold | £150,000 |
£150,000 |
| Annual Accounting Threshold | £1,350,000 |
£1,350,000 |