Tax rates and Thresholds
The definitive list of tax rates that make a difference to you!
The rates and thresholds for tax, national insurance & personal allowances are updated each year on 6th April.
Below are the current and historical rates & thresholds that small businesses need to know.
If you are a VAT registered business and put through 100% of your fuel costs but use your vehicle for some personal use, you should include a scale charge on your VAT return. This is where you ‘pay back’ the VAT on the private fuel element. The amount you pay is fixed and determined by the cars CO2 band.