We won’t keep you in the dark about VAT.  Nor will we make you hide under your desk when we come to visit!

In fact we take the blind fold off for our clients here and highlight some key VAT accounting scheme facts that you should have at your fingertips!

1. What is the Standard VAT Rate?
   

2. The VAT Standard Rate as at 4 January 2011 = 20%.
   

3. What is the VAT threshold?
   

4. Registration threshold as at 1 April 2011, £73,000 in last 12 months or next 30 days.
   

5. Deregistration threshold as at 1 April 2011 £71,000
   

6. What is the Annual Accounting Scheme limit?
   

7. The Annual  Accounting Scheme Limit is £1,350,000
   

8. What is the Cash Accounting Scheme limit?
   

9. The Cash Accounting Scheme Limit is £1,350,000
   

10. What is the Flat Rate Scheme limit?
    

11. The Flat Rate Scheme Limit is £150,000