Company Formation - Registration - Incorporation - Set-up

Company Formation Packages LLP Incorporations Free Business Banking Ready Made Companies Regent Street Address Dormant Company Formation Apostille and Notary Services Certificate of Fact Certificate of Good Standing Company Dissolution Company Name Change Company Registers Company Restoration Services Company Seals & Wafers Dormant Company Accounts Nominee Director & Shareholder Offshore Company Formation Renewals VAT Registration Complete Formations Login
Company Formation is now even easier!
1. Company Directors can protect their home address details.
2. You are no longer required to have a Company Secretary.
 
Feedback : I can not thank you enough for helping me register my company. If all the other parts of my business operate a smoothly as this did, I will be flying high within the year. Claire, Kingston.      

VAT Rates

 

UK VAT rates exist at three levels and depending on the type of supply which is made; the appropriate band of Valued Added Tax should be applied to that sale.

Standard Rate

The VAT standard rate of tax is now 20 percent effective from 4th January 2011. This reversion replaces the previous VAT rate of 17.5% which became effective from 1at January 2010. Preceding this, a 15 % rate was in place following the Chancellor's Pre Budget speech on 24 November 2008.

The 20% VAT rate is by far the most common fraction used in the calculation of the charge applicable to taxable supplies in the UK.

The rate applies to the sale of most goods and services in the UK.

Reduced Rate

The reduced rate is currently 5 percent and is levied on utility services such as gas and electricity.

Zero Rate

The zero rate for Valued Added Tax often causes some confusion amongst preparers of returns. The reason for this is that the zero rate is interpreted as the same as not being applicable to VAT at all.

Although multiplying a net amount by zero is mathematically the same as not performing any calculation altogether, there is a significant difference with regards to submitting a return or deciding on whether VAT registration is applicable at all..

Zero rated items are included in the submission figures whereas items which are exempt are excluded.

 
Email This Page  Print This Page


 
 
Please enter a company name to see if it is available.




Company Shop Offers

Contact Details:
Phone:
  +44 (0)2920 504 804
  +44 (0)207 1181 800

info@completeformations.co.uk


About Us
Contact Us
Why Choose Us
Getting Started
What You Receive
How to Form a Company
About Us
Site Search

Customer Comments