Tax Rates >> Value Added Tax

Value Added Tax


2013-14 2012-13
From 1/4/13 From 1/4/12
Standard rate 20% 20%
VAT fraction 1/6 1/6
Lower rate 5% 5%
From 1/4/12 From 1/4/12
Registration level £79,000 p.a. £77,000 p.a.
Deregistration limit £75,000 p.a. £75,000 p.a.
Cash accounting scheme - up to £1,350,000 £1,350,000
Optional flat rate scheme - up to £150,000 £150,000
Annual accounting scheme - up to £1,350,000 £1,350,000


VAT fuel scale charges from 1/5/13:

CO2 band Scale charge per quarter £ VAT on quartely charge £
120 or below 168 33.60
125 - 129 253 50.60
130 - 134 269 53.80
135 - 139 286 57.30
140 - 144 303 60.60
145 - 149 320 64.00
150 - 154 337 67.40
155 - 159 354 70.80
160 - 164 371 74.20
165 - 169 388 77.60
170 - 174 404 80.80
175 - 179 421 84.20
180 - 184 438 87.60
185 - 189 455 91.00
190 - 194 472 94.40
195 - 199 489 97.80
200 - 204 506 101.20
205 - 209 523 104.60
210 - 214 539 107.80
215 - 219 556 111.20
220 - 224 573 38.20
225 or above 590 118.00
1/5/13