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Tax Tables

Value Added Tax


 

From 1st April 2008

From 1st April 2007

 

 

 

Rates of Tax

 

 

Standard rate

17.50%

17.50%

Fuel and power rate

5.00%

5.00%

VAT as a fraction of gross price

7/47

7/47

 

 

 

Annual Turnover Limits

 

 

Registration

£67,000

£64,000

Deregistration

£65,000

£62,000

 

 

 

Private Fuel from 6 April 2007

 

 

 

 

 

The calculation of fuel scale charges for private use of road fuel has been altered from engine size to carbon dioxide (Co2) emissions in order to bring it into line with the current personal tax regime.


 

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