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illosaurus says: Crunch those numbers





HM Revenue & Customs

Tel 08459 15 45 15
Official facts, figures and advice on tax and VAT, including:

Register as self-employed

Free workshops on tax, record-keeping and filling in tax returns



The current tax year runs from April 6 2007 to April 5 2008.

VAT Threshold
HMRC says: 'If your taxable turnover hits £61,000 a year (or you expect it to), you must register for VAT.' Voluntary registration is possible below that figure.

Small Companies' Tax Rate
2006-2007 : 19%
2007-2008 : 20%