Tax Rates & Allowances - Value Added Tax
This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.
|
Standard rate (3/23 of VAT-inclusive price)
|
15%
|
|
Registration level from 01 May 2009
|
£65,000 per annum
|
|
Deregistration level from 01 May 2009
|
£66,000 per annum
|
|
Standard rate rises to 17.5% on 01 January 2010.
|
|
Scale Charges (from 01 May 2009)
The scale charges for private use of business fuel change are based on the CO2 emissions rating of the car. A different charge will apply for each 5g/km increase between 135g/km and 235g/km (max). For a 3 month period:
|
120 or less
|
£109.57 net
|
£16.43 VAT
|
|
121-135
|
164.35 net
|
24.65 VAT
|
|
rising per 5g/km by approx*
|
11.00 net
|
1.65 VAT
|
|
235 or above
|
383.48 net
|
57.52 VAT
|
*exact figures must be obtained from full table. Rates will rise on 01 January 2010 when the standard rate reverts to 17.5%.
|
