Other Matters

VAT rates and limits

The VAT registration and deregistration thresholds will remain unchanged for a period of two years from 1 April 2022.

The six-month extension to the UK-wide VAT reduction to 12.5% for the tourism and hospitality sectors comes to an end on 31 March 2022 with rates returning to the standard rate of 20%.

Vehicle Excise Duty (VED)

With effect from 1 April 2022 the rates of VED rates for cars, vans, motorcycles, and motorcycle trade licenses will increase in line with Retail Prices Index (RPI).

For heavy goods vehicles, VED continues to be frozen in 2022/23. The HGV Levy is suspended for another 12 months from 1 August 2022.

Landfill Tax

With effect from 1 April 2022 both the standard and lower rates of Landfill Tax will increase in line with the RPI.

Address

Malcolm Piper & Company Limited, Kingsnorth House, Blenheim Way , Birmingham B44 8LS

Contact us today!

0121 382 1000

© 2022 Malcolm Piper & Company Limited. All rights reserved.
Registered in England and Wales. Company registered number 07678988. VAT number 114 8037 37
Registered office: Malcolm Piper & Company Limited, Kingsnorth House, Blenheim Way , Birmingham B44 8LS
Registered with the Institute of Chartered Accountants in England and Wales, number C002905991

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