Value Added Tax

From4 Jan 20111 Jan 2010
Standard rate20%17.5%
VAT fraction1/67/47
Reduced rate5%5%
Taxable Turnover Limits
Registration - last 12 months or next 30 days over£73,000 from 1 April 2011
Deregistration - next 12 months under£71,000 from 1 April 2011
Cash accounting scheme - up to£1,350,000
Optional flat rate scheme - up to£150,000
Annual accounting scheme - up to£1,350,000



VAT on fuel for private use in cars

Where businesses wish to reclaim the input VAT on fuel which has
some degree of private use, they must account for output VAT on a scale charge.
The table shows the VAT chargeable for quarters commencing on or after 1 May 2011.

 

CO2 emissions
(g/km)
Quarterly VAT
Fuel scale
charge £
VAT on charge
£ (20%)
Up to 12415726.17
125-12923639.33
130-13425242.00
135-13926844.67
140-14428347.17
145-14929949.83
150-15431552.50
155-15933155.17
160-16434657.67
165-16936260.33
170-17437863.00
175-17939465.67
180-18440968.17
185-18942570.83
190-19444173.50
195-19945776.17
200-20447278.67
205-20948881.33
210-21450484.00
215-21952086.67
220-22453689.33
225 and above55191.83