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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 only 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 2011 From April 2012
VAT - registration threshold 73,000 77,000
VAT - deregistration threshold 71,000 75,000
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 2012.
CO2 Band VAT fuel scale charge VAT in 1 month charge VAT exclusive 1 month
1 month period charge
120 or less 55.00 9.17 45.83
125 83.00 13.83 69.17
130 88.00 14.67 73.33
135 94.00 15.67 78.33
140 100.00 16.67 83.33
145 105.00 17.50 87.50
150 111.00 18.50 92.50
155 116.00 19.33 96.67
160 122.00 20.33 101.67 165 127.00 21.17 105.83 170 133.00 22.17 110.83 175 138.00 23.00 115.00 180 144.00 24.00 120.00 185 150.00 25.00 125.00 190 155.00 25.83 129.17 195 161.00 26.83 134.17 200 166.00 27.67 138.33 205 172.00 28.67 143.33 210 177.00 29.50 147.50 215 183.00 30.50 152.50 220 189.00 31.50 157.50 225 or more 194.00 32.33 161.67 Where the CO2 emission figure is not a multiple of 5, the figure is rounded down to the next multiple of 5 to determine the level of the charge. For a bi-fuel vehicle which has two CO2 emissions figures, the lower of the figures should be used. For cars which are too old to have a CO2 emissions figure, you should identify the CO2 band based on engine size, as follows:
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. |



