Maidment Judd Chartered Accountants
   Telephone (01582) 469500
 

09/10 Value Added Tax

Standard Rate 17.5%
Lower Rate 5%
Annual Registration Limit
(2008 - £67,000)
£68,000
Annual Deregistration Limit
(2008 - £65,000)
£66,000

Private Fuel


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.

This new method must be used from the beginning of the next VAT accounting period on or after 1st May 2007.

 

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