Online Resources
Home 
Resource Centre Tax
Tables Value
Added Tax
Tax Tables
Value Added Tax
|
From 1st April 2008 |
From 1st April 2007 |
|
|
|
|
|
Rates of Tax |
|
|
|
|
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. |
|||
