Tax when you Spend

Updated Budget 2007


Value Added Tax (VAT) 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008
Standard rate VAT 17.50% 17.50% 17.50% 17.50% 17.50% 17.50%
Domestic Fuel and Power Rate 5% 5% 5% 5% 5% 5%
Special Rate for Home Energy-saving products 5% 5% 5% 5% 5% 5%
Business registration at £55,000 £56,000 £58,000 £60,000 £61,000 £64,000
Women's Sanitary Products 5% 5% 5% 5% 5% 5%
Contraceptive Products* 17.50% 17.50% 17.50% 17.50% 17.50% 5%
Smoking Cessation Products** 17.50% 17.50% 17.50% 17.50% 17.50% 5%

* Contraceptives obtained on prescription are zero-rated. The reduced rate, introduced in Budget 2006, applies to all other contraceptive products.

** Products obtained on prescription are zero-rated. The reduced rate, introduced in Budget 2007, applies to non-prescribed sales of products with a primary purpose of helping people to quit smoking.

About Us  | Site FAQ's  | Contact Us  | Accessibility  | Advertise  | Terms of Use  | Link to Us  | New and Used Cars  | Mobile Phones  | Site Map  | Guides  | Privacy Policy  | UK

Moneyextra.com is authorised and regulated by the Financial Services Authority (FSA FRN 488578). Moneyextra.com Ltd is registered in England no. 06553530. Registered office: Kingfisher Court, Plaxton Bridge Road, Woodmansey, Nr Beverley, HU17 0RT.