If you run a business you will need to know about VAT rates and VAT registration thresholds. Different rates of VAT apply to different types of goods and services and some goods and services are exempt from VAT.|
The rates of VAT will change from time to time - the changes are usually announced in the Budget. You must register for VAT if your VAT taxable turnover for the previous 12 months is more than £73,000 (as at 01.04.11). This figure is known as the VAT registration threshold.
Actua Business Services help many small businesses register for VAT and in the preparation and submission of VAT returns and ensure that your VAT returns are submitted correctly online to meet HMRC deadlines.