|
|
Value Added Tax
|
|
1st April 2008
|
1st
April 2007
|
|
Standard Rate
|
17.5%
|
17.5%
|
|
VAT Fraction
|
7/47
|
7/47
|
|
Taxable Turnover Limits
|
|
|
|
Registration – last 12 months of coming 30
days over
|
£67,000
|
£64,000
|
|
Deregistration – coming year under
|
£65,000
|
£62,000
|
|
VAT
Scale Charge - VAT due per quarter per car
|
The VAT charge on a business which
buys car fuel and allows private use of it depends on the CO2
emissions rating of the car and
it is necessary to look up the exact figure in the fuel scale.
|
|
