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tax table

VAT rates and thresholds

 

 

Rate of Tax

	Standard rate	VAT fraction	Reduced rate	VAT fraction
From 1.9.1997	17.5%	7/47	5%	1/21

 

 

Registration limits - UK Taxable Supplies

	Past Turnover		Future Turnover
	1 Year	Unless turnover for next year not expected to exceed:
1.4.05 – 31.3.06	£60,000	£58,000	£60,000
From 1.4.06	£61,000	£59,000	£61,000

 

Deregistration limits

Future Turnover	Annual limit
1.4.05 – 31-3-06	£58,000
From 1.4.06	£59,000

 

 

VAT fuel scale charges

Cylinder Capacity	For a three month period
	Scale Charge Diesel	VAT due per car	Scale Charge Petrol	VAT due per car
Up to 1,400cc	£260	£38.72	£273	£40.66
1,400 – 2,000cc	£260	£38.72	£346	£51.53
Above 2,000cc	£331	£49.30	£508	£75.66