VAT rates

From 4 Jan 2011
Standard rate 20%
VAT fraction 1/6
Reduced rate 5%
Taxable Turnover Limits
Registration – last 12 months or next 30 days over £77,000 from 1 April 2012
Deregistration – next 12 months under £75,000 from 1 April 2012
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 2012.

CO2 emissions
(g/km)
Quarterly VAT
Fuel scale
charge £
VAT on charge
£
Up to 124 166 27.67
125-129 250 41.67
130-134 266 44.33
135-139 283 47.17
140-144 300 50.00
145-149 316 52.67
150-154 333 55.50
155-159 350 58.33
160-164 366 61.00
165-169 383 63.83
170-174 400 66.67
175-179 416 69.33
180-184 433 72.17
185-189 450 75.00
190-194 467 77.83
195-199 483 80.50
200-204 500 83.33
205-209 517 86.17
210-214 533 88.83
215-219 550 91.67
220-224 567 94.50
225 and above 583 97.17

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