Barnard Castle Phone: 01833 630400 Shotley Bridge Phone: 01207 507000

Tax Rates & Allowances

VAT

Rates

The VAT rates and thresholds are as follows:

From 1 April 2013 1 April 2014 1 April 2015
Lower rate 0% 0% 0%
Reduced rate 5% 5% 5%
Standard rate 20% 20% 20%
Registration turnover £79,000 £81,000 £82,000
Deregistration turnover £77,000 £79,000 £80,000
Acquisitions from EU member states, registration and deregistration threshold £79,000 £81,000 £82,000

Changes from 2014

  • VAT treatment of prompt payment discounts given by suppliers

 

Changes from 2015

The Government will consult on changes to the VAT rules in the following areas:

  • Zero-rating of work to adapt cars for use by disabled persons
  • VAT avoidance scheme disclosures
  • Reverse charge for buyers of gas and electricity - not domestic customers

Newsflash

2014 Teesdale Business Awards

Butler and Gee were once again proud to sponsor and support the Teesdale Business awards held in February 2015. The awards are a fantastic way to recognise the success of local entrepreneurs in various different fields and sectors. The ceremony...

Read More

Our Offices

  •  

    7 Newgate
    Barnard Castle
    County Durham
    DL12 8NQ

  • Shotley Bridge Office

     

    7 Front Street
    Shotley Bridge
    Consett
    County Durham
    DH8 0HH 

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