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