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Value Added Tax 2009/10
From |
1 Dec 2008 |
1 Jan 2010 |
Standard rate |
15% |
17.5% |
VAT fraction |
3/23 |
7/47 |
| Reduced Rate |
5% |
5% |
Taxable Turnover Limits |
Registration - last 12 months or next 30 days over |
£68,000 |
Deregistration - next 12 months under |
£66,000 |
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 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). The VAT chargeable for quarters commencing after 1 May 2008 is as follows:
CO2 emissions
(g/km) |
Quarterly VAT |
Fuel scale
charge £ |
VAT on charge
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| 120 and below |
126 |
16.43 |
18.76 |
| 121 - 139 |
189 |
24.65 |
28.14 |
| 140 - 144 |
201 |
26.21 |
29.93 |
| 145 - 149 |
214 |
27.91 |
31.87 |
| 150 - 154 |
226 |
29.47 |
33.65 |
| 155 - 159 |
239 |
31.17 |
35.59 |
| 160 - 164 |
251 |
32.73 |
37.38 |
| 165 - 169 |
264 |
34.43 |
39.31 |
| 170 - 174 |
276 |
36.00 |
41.10 |
| 175 - 179 |
289 |
37.69 |
43.04 |
| 180 - 184 |
302 |
39.39 |
44.97 |
| 185 - 189 |
314 |
40.95 |
46.76 |
| 190 - 194 |
327 |
42.65 |
48.70 |
| 195 - 199 |
339 |
44.21 |
50.48 |
| 200 - 204 |
352 |
45.91 |
52.42 |
| 205 - 209 |
365 |
47.60 |
54.36 |
| 210 - 214 |
378 |
49.30 |
56.29 |
| 215 - 219 |
390 |
50.86 |
58.08 |
| 220 - 224 |
403 |
52.56 |
60.02 |
| 225 - 229 |
416 |
54.26 |
61.95 |
| 230 - 234 |
428 |
55.82 |
63.74 |
| 235 and above |
441 |
57.52 |
65.68 |
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Contact Us |
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Suite 4, Earls House, Earlsway,
Team Valley, Gateshead, NE11 0RY |
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