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Value Added Tax


From 4 Jan 2011 1 Jan 2010
Standard Rate 20% 17.5%
VAT fraction 1/6 7/47
Reduced Rate 5% 5%
Taxable Turnover Limits
Registration - last 12 months or next 30 days over 70,000 from 1 April 2010
Deregistration - next 12 months under 68,000 from 1 April 2010
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 2010. The last column takes account of the change in the standard rate of VAT from 17.5% to 20% with effect from 4 January 2011.

CO2 emissions
(g/km)
Quarterly VAT
Fuel scale
charge
VAT on charge
(17.5%) (20%)
120 and below 141 21.00 23.50
121 - 134 212 31.57 35.33
135 - 139 227 33.80 37.83
140 - 144 241 35.89 40.17
145 - 149 255 37.97 42.50
150 - 154 269 40.06 44.83
155 - 159 283 42.14 47.17
160 - 164 297 44.23 49.50
165 - 169 312 46.46 52.00
170 - 174 326 48.55 54.33
175 - 179 340 50.63 56.67
180 - 184 354 52.72 59.00
185 - 189 368 54.80 61.33
190 - 194 383 57.04 63.83
195 - 199 397 59.12 66.17
200 - 204 411 61.21 68.50
205 - 209 425 63.29 70.83
210 - 214 439 65.38 73.17
215 - 219 454 67.61 75.67
220 - 224 468 69.70 78.00
225 - 229 482 71.78 80.33
230 and above 496 73.87 82.67



 
 
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