Tax Tables

Value Added Tax

From 1st December 2008

From 1st April 2008

Rates of Tax

Standard rate

15%

17.50%

Fuel and power rate

5.00%

VAT as a fraction of gross price

3/23

7/47

Annual Turnover Limits

Registration

£67,000

Deregistration

£65,000

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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