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Value Added Tax


Standard rate (7/47 of VAT-inclusive price) 17.5%
Registration level from 01.4.04 £58,000 per annum
Deregistration level from 01.4.04 £56,000 per annum
Scale Charges (from 1.5.04)
  Monthly Quarterly Annual
Petrol
Up to 1400cc £77 £232 £930
1401-2000cc 97 293 1,175
Over 2001cc 144 432 1,730
Diesel
Up to 2000cc 72 216 865
Over 2001cc 91 273 1,095
The VAT payable is 7/47 of these figures, which are VAT inclusive.