Value Added Tax 2005 2006

chartered accountants Manson & Partners, dumfries scotland uk (full address)

HOME • SERVICES • NEWSLETTER • CONTACT • LINKS • EMAIL

OUR SERVICES »

audit & assurance
limited companies
accountancy
taxation
business taxation
value added tax
wages and PAYE
IT consultancy
insolvency
trust deeds
business recovery
internal audit
business growth

We are also regulated for a range of investment business activities by the Institute of Chartered Accountants of Scotland.

CONTACT US
for more details

Tax Data 2005 / 2006

VALUE ADDED TAX

Standard Rate	17.5%
Lower Rate	5%
Annual Registration Limit - from 1 April 2005 (1.4.04 - 31.3.05 £58,000)	£60,000
Annual Registration Limit from 1 April 2005 (1.4.04 - 31.3.05 £56,000)	£58,000

VAT on private fuel - scale charge due per quarter per car for accounting periods beginning on or after 1 May 2005.

	Petrol		Diesel
	Charge £	VAT £	Charge £	VAT £
Up to 1400cc	246	36.64	236	35.15
1401 - 2000cc	311	46.32	236	35.15
Over 2000cc	457	68.06	300	44.68

tax rates & reliefs,
tax credits,
pension premiums,
fuel benefits,
mileage allowance,
ISAs,
corporation tax,
capital allowances,
value added tax,
capital gains tax,
inheritance tax,
stamp duty tax,
national insurance,
social security,
self assessment.

Please contact us if you wish to discuss any matters raised.

back to TOP of page

© Manson & Partners 1998-2005