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Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

VAT & STAMP DUTY

 

Value Added Tax

Standard Rate:

17.5%

Domestic fuel and power:

from 1/9/97 5%

Registration level:

from 10/4/03

56,000

to 9/4/03

55,000

De-registration limit:

from 10/4/03

54,000

to 9/4/03

53,000

Car fuel:

Vatable outputs based on car fuel benefit charge

Optional flat rate scheme for small firms with turnover less than 150,000 from 10 April 2003

 

Stamp Duty

On documents transferring property
(excluding shares)

From 9/4/03

Value under 60,000

Nil

60,001-250,000

1%

250,001-500,000

3%

500,001+

4%

With effect from 30 November 2001, exemption from stamp duty relating to purchase of property in certain designated disadvantaged areas of the UK.

With effect from 1 December 2003, implementation of stamp duty land tax at a rate of 0% up to 150,000 applies to non-residential property and new leases of non-residential property.

 

 

 

   
 

2007 Prime Advisors Limited, All Rights Reserved