Value Added Tax VAT, Tax Rates

Winters Chartered Accountants and Registered Auditors
29 Ludgate Hill
London EC4M 7JE
England, UK

Tel:
+44 (0) 20 7919 9100

Fax:
+44 (0) 20 7919 9019

Related Links:

VAT Factsheet

Value Added Tax (VAT)

Standard Rate	17.5%
Reduced Rate	5%
Annual Registration Limit - from 1.4.05 (1.4.04 - 31.3.05 £58,000)	£60,000
Annual Deregistration Limit - from 1.4.05 (1.4.04 - 31.3.05 £56,000)	£58,000
VAT on private fuel - scale charge due per quarter per car for accounting periods beginning on or after 1 May 2005.

	Petrol		Diesel
	Charge £	VAT £	Charge £	VAT £
Up to 1400cc	246	36.64	236	35.15
1401 - 2000cc	311	46.32	236	35.15
Over 2000cc	457	68.06	300	44.68

Disclaimer
The information on these tax rates is based upon the 2005 Budget and other earlier announcements and may be subject to amendment by the Finance Act.

If you would like to find out more about our services and how we might be able to assist you, please complete the tax contact form .
We can then have the relevant specialist contact you to briefly discuss your needs. Any such telephone discussion, and of course, any further initial consultation is entirely complimentary.