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 | |
