Value Added Tax


From 1 April 2013
Standard rate 20%
VAT fraction 1/6
Reduced rate 5%
Taxable Turnover Limits
Registration - last 12 months or next 30 days over £79,000 from 1 April 2013
Deregistration - next 12 months under £77,000 from 1 April 2013
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 2013.

CO2 emissions
(g/km)
Quarterly VAT
Fuel scale
charge £
VAT on charge
£
Zero 168 28.00
Up to 75 168 28.00
76-94 168 28.00
95 - 99 168 28.00
100 - 104 168 28.00
105 - 109 168 28.00
110 - 114 168 28.00
115 - 119 168 28.00
120 - 124 168 28.00
125 - 129 253 42.17
130 - 134 269 44.83
135 - 139 286 47.67
140 - 144 303 50.50
145 - 149 320 53.33
150 - 154 337 56.17
155 - 159 354 59.00
160 - 164 371 61.83
165 - 169 388 64.67
170 - 174 404 67.33
175 - 179 421 70.17
180 - 184 438 73.00
185 - 189 455 75.83
190 - 194 472 78.67
195 - 199 489 81.50
200 - 204 506 84.33
205 - 209 523 87.17
210 - 214 539 89.83
215 - 219 556 92.67
220 - 224 573 95.50
225 and above 590 98.33