Tax Rates >> Value Added Tax
Value Added Tax
| 2012-13 | 2011-12 | |
|---|---|---|
| From 1/4/12 | From 1/4/11 | |
| Standard rate | 20% | 20% |
| VAT fraction | 1/6 | 1/6 |
| Lower rate | 5% | 5% |
| From 1/4/12 | From 1/4/11 | |
| Registration level | £77,000 p.a. | £73,000 p.a. |
| Deregistration limit | £75,000 p.a. | £71,000 p.a. |
| Cash accounting scheme - up to | £1,350,000 | £1,350,000 |
| Optional flat rate scheme - up to | £150,000 | £150,000 |
| Annual accounting scheme - up to | £1,350,000 | £1,350,000 |
VAT fuel scale charges from 1/5/11:
| CO2 band | Scale charge per quarter £ | VAT on quartely charge £ |
|---|---|---|
| 124 or below | 157 | 26.13 |
| 125 - 129 | 236 | 39.33 |
| 130 - 134 | 252 | 42.00 |
| 135 - 139 | 268 | 44.67 |
| 140 - 144 | 283 | 47.17 |
| 145 - 149 | 299 | 49.83 |
| 150 - 154 | 315 | 52.50 |
| 155 - 159 | 331 | 55.17 |
| 160 - 164 | 346 | 57.67 |
| 165 - 169 | 362 | 60.33 |
| 170 - 174 | 378 | 63.00 |
| 175 - 179 | 394 | 65.67 |
| 180 - 184 | 409 | 68.17 |
| 185 - 189 | 425 | 70.83 |
| 190 - 194 | 441 | 73.50 |
| 195 - 199 | 457 | 76.17 |
| 200 - 204 | 472 | 78.67 |
| 205 - 209 | 488 | 81.33 |
| 210 - 214 | 504 | 84.00 |
| 215 - 219 | 520 | 86.07 |
| 220 - 224 | 536 | 89.33 |
| 225 or above | 551 | 91.83 |
| 1/5/11 |
VAT fuel scale charges from 4/1/11 - 30/4/11:
| CO2 band | Scale charge per quarter £ | VAT on quartely charge £ |
|---|---|---|
| 124 or below | 141 | 23.50 |
| 125 - 134 | 212 | 35.33 |
| 135 - 139 | 227 | 37.83 |
| 140 - 144 | 241 | 40.17 |
| 145 - 149 | 255 | 42.50 |
| 150 - 154 | 269 | 44.83 |
| 155 - 159 | 283 | 47.17 |
| 160 - 164 | 297 | 49.50 |
| 165 - 169 | 312 | 52.00 |
| 170 - 174 | 326 | 54.33 |
| 175 - 179 | 340 | 56.77 |
| 180 - 184 | 354 | 59.00 |
| 185 - 189 | 368 | 61.33 |
| 190 - 194 | 383 | 63.83 |
| 195 - 199 | 397 | 66.17 |
| 200 - 204 | 411 | 68.50 |
| 205 - 209 | 425 | 70.83 |
| 210 - 214 | 439 | 73.17 |
| 215 - 219 | 454 | 75.67 |
| 220 - 224 | 468 | 78.00 |
| 225 - 229 | 482 | 80.33 |
| 230 or above | 496 | 82.67 |
| 4/1/11 - 30/4/11 |