Value Added Tax
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Standard rate (7/47 of VAT-inclusive price)
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17.5%
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Registration level from 1.4.10
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70,000
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per annum
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Deregistration level from 1.4.10
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68,000
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per annum
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Standard rate rises to 20% ON 4.1.2011 (1/6 of VAT inclusive price).
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Scale Charges (will change from 4.1.2011)
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The scale charges for private use of business fuel are based on the CO2 emissions rating of the car. A different charge will apply for each 5g/km increase between 130g/km and 230g/km (max). For a 3 month period:
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120 or less
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120.00 net
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21.00 VAT
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121-134
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180.43 net
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31.57 VAT
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rising per 5g/km by approx*
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12.06 net
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2.11 VAT
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230 or above
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422.13 net
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73.87 VAT
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* exact figures must be obtained from full table.
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