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Registration Thresholds
From 1 April 2000, the level of taxable turnover at which a business is required to register for VAT increases by £1,000 to £52,000 p.a. The level of predicted future turnover at which it can deregister also rises by £1,000 to £50,000 p.a.

Filing discount
From April 2001, businesses which file their VAT returns over the internet and pay their tax electronically will be entitled to a rebate of £50.

Reduction for energy-efficient materials
The rate of VAT on energy-saving home improvements has been 5% where the work has qualified for a Government grant. This lower rate is now extended to a wider range of energy-efficient measures, and also security improvement for pensioners. It will only apply where the householder pays for the work to be done - goods sold for DIY will still carry carry VAT at 17.5%. The new rate applies from 1 April 2000.  BACK