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VALUE ADDED TAX

Income tax rates

Income tax allowances

Capital gains tax

Corporation tax

Inheritance tax

National insurance

Pension relief

Scale benefits for vehicles

Mileage Allowance

VAT

.

From 4/1/12

From 1/4/11
Standard rate
20%
20%
VAT fraction
1/6
1/6
Registration limit - annual
Effective from
1 April 2012
1 April 2011
Future turnover
77000
73000
Deregistration limit - annual
Effective from
1 April 2012
1 April 2011
Future turnover
75000
71000

Fuel scale charges

New rules apply from 1 May 2007. The scale charges are based on CO2 emission bands like car benefit charges

To calculate the VAT from the VAT inclusive amount multiply the scale charge by the VAT fraction.

Quarterly Return Amounts for periods commencing 1 May 2009 or later
CO2 emissions g/km
Scale Charge including VAT
 
From 1 May 2012
From 1 May 2011
£
£
120 or under
166
157
125
250
236
130
266
252
135
283
268
140
300
283
145
316
299
150
333
315
155
350
331
160
366
346
165
383
362
170
400
378
175
416
394
180
433
409
185
450
425
190
467
441
195
483
457
200
500
472
205
517
488
210
533
504
215
550
520
220
567
536
225 or more
583
551
     

 

 

 


The Tax Practice (Guildford) Limited registered in England & Wales 4414698