VAT – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk Accounting and Taxation Services - London Tue, 11 Aug 2020 10:21:37 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8.1 http://www.bo-accounting.co.uk/wp-content/uploads/2020/08/cropped-blue-orchid-logo-32x32.jpg VAT – Blue Orchid Corporation Ltd http://www.bo-accounting.co.uk 32 32 VAT on fuel for private use in cars http://www.bo-accounting.co.uk/informations/vat-on-fuel-for-private-use-in-cars/ Tue, 11 Aug 2020 08:45:11 +0000 http://www.bo-accounting.co.uk/?p=131 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 the VAT chargeable for quarters commencing on or after 1 May 2011.

 

CO2 emissions
(g/km)
Quarterly VAT
Fuel scale
charge £
VAT on charge
£ (20%)
Up to 124 157 26.17
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 86.67
220-224 536 89.33
225 and above 551 91.83
]]> Value Added Tax http://www.bo-accounting.co.uk/informations/value-added-tax/ Thu, 06 Aug 2020 13:31:01 +0000 http://www.bo-accounting.co.uk/?p=102 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 days over £73,000 from 1 April 2011 Deregistration – next 12 months under £71,000 from 1 April 2011 Cash accounting scheme – up to £1,350,000 Optional flat rate scheme – up to £150,000 Annual accounting scheme – up to £1,350,000 ]]>