VAT rates
The following VAT rates apply.
| Rates per year | 2007/2008 | 2006/2007 |
|---|---|---|
| Registration threshold | £64,000 | £61,000 |
| Deregistration threshold | £62,000 | £59,000 |
| Standard rate | 17.5% | 17.5% |
| Reduced rate | 5% | 5% |
Business VAT registration numbers can be verified online at European Union online.