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 | ||