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Tax tables 2006-07

Value Added Tax

VAT
Registration level from 01.04.06 £61,000
Standard Rate 17.5%
Reduced rate, eg on domestic fuel 5%
Flat rate scheme turnover limit £150,000
Cash* and annual accounting turnover limit £1,350,000

* Increase in cash limit from £660,000 subject to EU approval
© Copyright July 2006. Finance Act Edition 2006. For information only.
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