UK Tax History

Historical Information on the UK Tax Regime. Historical Tax rates and Allowances.

VAT RATES

percent

VAT Historical Rates

VAT was introduced in the early 1970's, replacing various sales taxes that had existed until then..

Rates were increased in Geoffrey Howe's first budget, paying for income tax reductions and attempts at budget deficit reductions.

Rates were increased again in 1991 to pay for John Major's cuts in the the poll tax.

The VAT tax base was also extended in 1984 to hot take away food, and building improvements. A particularly controversial extension to domestic fuel spending was made in 1994.

VAT RATES TABLE

1972-73
1973-74
1974-75
1975-76
1976-77
1977-78
1978-79
1979-80
1980-81
1981-82
Standard Rate
8%
8%
15%
15%
15%
Higher rate
12.50%
12.50%
=======
=======
=======
Domestic heating rate
0.00%
0%
0%
0%
Extended to:

 

1982-83
1983-84
1984-85
1985-86
1986-87
1987-88
1988-89
1989-90
1990-91
1991-92
Standard Rate
15%
15%
15%
15%
15%
15%
15%
15%
15%
17.50%
Higher rate
=======
=======
=======
=======
=======
=======
=======
=======
=======
=======
Domestic heating rate
0%
0%
0%
0%
0%
0%
0%
0%
0%
0.00%
Extended to: hot take-away food
building alterations & improvements

 

1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
Standard Rate
17.50%
17.50%
17.50%
17.50%
17.50%
17.50%
17.50%
17.50%
17.50%
17.50%
Higher rate
=======
=======
=======
=======
=======
=======
=======
=======
=======
=======
Domestic heating rate
0.00%
0.00%
8.00%
8.00%
8.00%
5.00%
5.00%
5.00%
5.00%
5%
Extended to:

 

2002-03
2003-04
2004-05
2005-04
Standard Rate
17.50%
17.50%
17.50%
17.50%
Higher rate
=======
=======
=======
=======
Domestic heating rate
5%
5%
5%
5%
Extended to:

Other Sales Taxes

Insurance Premium Tax

This runs at 5% on most insurance non-life insurances policies. It runs at 17.5% on some other types of insurance.( Car sales, insurance of domestic appliances and travel insurance).

"Airport Departure Tax"

Air Passenger Duty (APD)-------------- £5 within Europe, £20 for worldwide travel, £40 worldwide business and first class travel. (depatures from Scottish islands excempt).

 

 

 

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