 For any sales of standard-rated goods or services that you made on or after 4 January 2011 you should have charged VAT at the 20 per cent rate. If you have a cash business and calculate your VAT using the VAT fraction you nust use the VAT fraction of 1/6 on your standard-rated VAT inclusive sales from 4 January 2011.
The change inly applies to the standard VAT rate. There are no changes to sales that are zero-rated or reduced-rated for VAT. Similarly, there are no changes to the VAT exemptions. Any sales you make at these rates are unaffected by this change.
Value Added Tax (VAT) - Registration and Deregistration thresholds
From April 2010 From April 2011
VAT - registration threshold 70,000 73,000
VAT - deregistration threshold 68,000 71,000
 Value Added Tax (VAT) - Fuel scale charges
Businesses must use these new VAT fuel scale charges from the start of their next prescribed accounting period beginning on or after 1 May 2011.
CO2 Band VAT fuel scale charge VAT in 1 month charge VAT exclusive 1 month
1 month period charge
120 or less 52.00 8.67 43.33
125 78.00 13.00 65.00
130 84.00 14.00 70.00
135 89.00 14.83 74.17
140 94.00 15.67 78.33
145 99.00 16.50 82.50
150 105.00 17.50 87.50
155 110.00 18.33 91.67
160 115.00 19.17 95.83 165 120.00 20.00 100.00 170 126.00 21.00 105.00 175 131.00 21.83 109.17 180 136.00 22.67 113.33 185 141.00 23.50 117.50 190 147.00 24.50 122.50 195 152.00 25.33 126.67 200 157.00 26.17 130.83 205 162.00 27.00 135.00 210 168.00 28.00 140.00 215 173.00 28.83 144.17 220 178.00 29.67 148.33 225 or more 183.00 30.50 152.50
Where the CO2 emission figure is not a multiple of 5, the figure is rounded down to the next multiple
If its cylinder capacity is 1,400cc or less, use CO2 band 140;
If its cylinder capacity exceeds 1,400cc but does not exceed 2,000cc, use CO2 band 175;
If its cylinder capacity exceeds 2,000cc, use CO2 band 225 or above. |
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VAT Rate at 2012 |
