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 days over |
ฃ70,000 from 1 April 2010 |
| Deregistration - next 12 months under |
ฃ68,000 from 1 April 2010 |
| Cash accounting scheme - up to |
ฃ1,350,000 |
| Optional flat rate scheme - up to |
ฃ150,000 |
| Annual accounting scheme - up to |
ฃ1,350,000 | |
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 the VAT chargeable for quarters commencing on or after 1 May 2010. The last column takes account of the change in the standard rate of VAT from 17.5% to 20% with effect from 4 January 2011.
|
CO2 emissions |
Quarterly VAT ฃ |
|
(g/km)
|
Fuel scale charge
|
VAT on charge |
|
(17.5%) |
(20%) |
|
120 and below |
141 |
21.00 |
23.50 |
|
121 134 |
212 |
31.57 |
35.33 |
|
135 139 |
227 |
33.80 |
37.83 |
|
140 144 |
241 |
35.89 |
40.17 |
|
145 149 |
255 |
37.97 |
42.50 |
|
150 154 |
269 |
40.06 |
44.83 |
|
155 159 |
283 |
42.14 |
47.17 |
|
160 164 |
297 |
44.23 |
49.50 |
|
165 169 |
312 |
46.46 |
52.00 |
|
170 174 |
326 |
48.55 |
54.33 |
|
175 179 |
340 |
50.63 |
56.67 |
|
180 184 |
354 |
52.72 |
59.00 |
|
185 189 |
368 |
54.80 |
61.33 |
|
190 194 |
383 |
57.04 |
63.83 |
|
195 199 |
397 |
59.12 |
66.17 |
|
200 204 |
411 |
61.21 |
68.50 |
|
205 209 |
425 |
63.29 |
70.83 |
|
210 214 |
439 |
65.38 |
73.17 |
|
215 219 |
454 |
67.61 |
75.67 |
|
220 224 |
468 |
69.70 |
78.00 |
|
225 229 |
482 |
71.78 |
80.33 |
|
230 and above |
496 |
73.87 |
82.67 | | |
