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VAT tax amount

Up to 3 January 2011 - 17.5% | From 4 January 2011 - 20%

Calculate the VAT that has been paid or will be paid on amounts where VAT is included in the amount entered at the standard rate of 20%.
Does this figure already include VAT?   
  
The current rates and thresholds are:
Registration threshold £73,000
Deregistration threshold £71,000
Annual accounting threshold up to £1,350,000
Cash accounting scheme up to £1,350,000
Standard VAT rate current rate 20%
Reduced rate 5%
Further information on VAT.

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Ashleys' news

    • 26-May-2011Self Assessment Tax Return - Penalties

      From April 2011, if a Self Assessment Tax Return is filed late or tax paid late, then the following penalties will apply:

      Penalties for filing late

      One day late and you will be charged an initial penalty of £100 (even if you have no tax to pay or you have already paid all the tax you owe).

      Three months late and you will be charged an automatic daily penalty of £10 per day, up to a maximum of £900.

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