Value Added Tax from 1 April 2016
Standard Rate 20%
VAT fraction 1/6
Reduced Rate 5%
Taxable Turnover Limits
Registration - last 12 months or next 30 days over £83,000 from 1 April 2016
Deregistration - next 12 months under £81,000 from 1 April 2016
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 for which they may use a flat rate valuation.

The table shows the VAT chargeable for quarters commencing on or after 1 May 2015. These rates were current at the date of publication. Please check with us for any updated rates from 1 May 2016.

CO2 emissions Quarterly VAT
(g/km) Flat rate valuation £ VAT on charge £
0 - 124 133 22.17
125 - 129 200 33.33
130 - 134 213 35.50
135 - 139 227 37.83
140 - 144 240 40.00
145 - 149 254 42.33
150 - 154 267 44.50
155 - 159 281 46.83
160 - 164 294 49.00
165 - 169 308 51.33
170 - 174 320 53.33
175 - 179 334 55.67
180 - 184 347 57.83
185 - 189 361 60.17
190 - 194 374 62.33
195 - 199 388 64.67
200 - 204 401 66.83
205 - 209 415 69.17
210 - 214 428 71.33
215 - 219 441 73.50
220 - 224 455 75.83
225 or more 468 78.00

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