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Value Added Tax (VAT)
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20% |
17.5% |
Reduced rate (including fuel and power) |
5.00% |
5.00% |
VAT as a fraction of gross price |
1/6 |
7/47 |
| |
|
|
Registration |
£70,000 |
£70,000 |
Deregistration |
£68,000 |
£68,000 |
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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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For information of users: This material is published
for the information of clients. It provides only an overview of the regulations
in force at the date of publication, and no action should be taken without
consulting the detailed legislation or seeking professional advice. Therefore
no responsibility for loss occasioned by any person acting or refraining
from action as a result of the material can be accepted by the authors
or the firm.
© Copyright JE Consulting 2010. All
rights reserved.
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