Value Added Tax

From
4 January
2011
From
1 April
2010
Standard rate 20% 17.5%
Standard rate VAT fraction 1/6 7/47
Reduced rate 5% 5%
Reduced rate VAT fraction 1/21 1/21
Taxable turnover limits
Registration – last 12 months or next 30 days over £70,000 £70,000
Deregistration – next 12 months under £68,000 £68,000
Cash accounting scheme – up to £1,350,000 £1,350,000
Optional flat rate scheme – joining up to

– exiting over

£150,000

£230,000

£150,000

£225,000

Annual accounting scheme – up to £1,350,000 £1,350,000


Cars and your VAT return

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
Quarterly VAT £
(g/km)
Fuel scale charge
VAT on charge
(17.5%)
(20%)
120 and below
141
21.00
23.5
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