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 | £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 124 | 157 | 26.17 |
| 125-129 | 236 | 39.33 |
| 130-134 | 252 | 42.00 |
| 135-139 | 268 | 44.67 |
| 140-144 | 283 | 47.17 |
| 145-149 | 299 | 49.83 |
| 150-154 | 315 | 52.50 |
| 155-159 | 331 | 55.17 |
| 160-164 | 346 | 57.67 |
| 165-169 | 362 | 60.33 |
| 170-174 | 378 | 63.00 |
| 175-179 | 394 | 65.67 |
| 180-184 | 409 | 68.17 |
| 185-189 | 425 | 70.83 |
| 190-194 | 441 | 73.50 |
| 195-199 | 457 | 76.17 |
| 200-204 | 472 | 78.67 |
| 205-209 | 488 | 81.33 |
| 210-214 | 504 | 84.00 |
| 215-219 | 520 | 86.67 |
| 220-224 | 536 | 89.33 |
| 225 and above | 551 | 91.83 |
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 |