Value Added Tax

Standard rate (7/47 of VAT-inclusive price) 17.5%
Registration level from 1.4.10 £70,000 per annum
Deregistration level from 1.4.10 £68,000 per annum
Standard rate rises to 20% on 4.1.2011 (1/6 of VAT inclusive price).

Scale Charges (will change from 4.1.2011)
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:
120 or less £120.00 net £21.00 VAT
121-134 180.43 net 31.57 VAT
rising by per 5g/km by approx* 12.06 net 2.11 VAT
230 or above 422.13 net 73.87 VAT
* exact figures must be obtained from full table.

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