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Tax Tables

Value Added Tax

 

From 4th January 2011

From 1st January 2010

 

 

 

Rates of Tax

 

 

Standard rate

20%

17.5%

Reduced rate (including fuel and power)

5.00%

5.00%

VAT as a fraction of gross price

1/6

7/47

     

 

From 1st April 2011

From 1st April 2010

Annual Turnover Limits

 

 

Registration

£73,000

£70,000

Deregistration

£71,000

£68,000

 

 

 

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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