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Value Added Tax

Standard rate 17.5% (20% from 4 January 2011)
Reduced rate 5%
Annual Registration Limit - from 1.4.10 (1.5.09 - 31.3.10 £68,000) £70,000
Annual Deregistration Limit - from 1.4.10 (1.5.09 - 31.3.10 £66,000) £68,000