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 on a scale charge. The table shows …
Value Added Tax
From 4 Jan 2011 1 Jan 2010 Standard rate 20% 17.5% VAT fraction 1/6 7/47 Reduced rate 5% 5% Taxable Turnover Limits Registration – last 12 months or next 30 …