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I feel that VAT percentage has risen greatly since 1985. If that is so, what are the basic percentages for each of the years 1985 through 2006?

2007-04-18 12:02:01 · 1 answers · asked by budwright72 1 in Business & Finance Taxes United Kingdom

1 answers

The rate increased from 15% to 17.5% in 1991. The full table of rates, if you're interested, is -

10% for the period 1/4/73 to 28/7/74
8% - 29/7/74 to 17/6/79
15% - 18-6-79 to 31/3/91
17.5% - 1/4/91 to the present

For the period from 18/11/74 to 11/4/76 there was a higher rate on certain goods of 25%. This was reduced to 12.5% from 12/4/76 and abolished on 18/6/79 when the basic rate was put up to 15%.

2007-04-18 20:10:14 · answer #1 · answered by tringyokel 6 · 0 0

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