J Allen & Co   

Chartered Accountants, Registered Auditors, Business & Tax Advisers

"Its About Adding Value To Your Business Not Just Adding Up Numbers"

 

Tax Rates

  

Value Added Tax

From	4.1.2011	1.1.2010	1.5.2009	1.12.2008
Standard rate	20%	17.5%	15%	15%
VAT fraction	1/6	7/47	3/23	3/23
Taxable turnover limits
Registration – last 12 months or next 30 days over	£73,000	£70,000	£68,000	£67,000
De-registration – next 12 months under	£71,000	£68,000	£66,000	£65,000

 

 Registration and de-registration

The registration threshold is £73,000 and the de-registration threshold £71,000.

Standard rate changes

It has been confirmed that the standard rate will revert to 20% from 17.5% on 4th January 2011

Fuel scale charges

As usual changes to fuel scale charges will apply to tax periods starting on or after 1 May 2011. The changes reflect fluctuations in fuel prices and are based on the CO₂ emissions of vehicles.

Phone: 0845-094-5354

Fax: 0870-803-3843

E-mail: info@jallen-accountants.co.uk

Tax Rates Pages