Value Added Tax

 

Vat Rates

Standard Rate 20%
Reduced Rate 5%
Annual Registration Limit £83,000
Annual Deregistration Limit £81,000

Vat Fuel Scale charge

Where businesses buy fuel which has some degree of private use, they must account for output VAT on a scale charge. This is based on the CO2 emissions (rounded down to the next multiple of 5).

These are the charges which apply from the start of the first prescribed accounting period beginning on or after 1 May 2014.

Co2 emissions(g/km)

From 1 May 2017

 From 1 May 2016
120 or less   38
125   58
130   61
135   65
140    69
145   73
150   77
155   81
160   85
165   89
170   92
175   96
180   101
185   104
190   108
195   112
200   116
205   120
210   123
215   128
220   132
225 or more   135

 

 

 

 

 

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