| Standard Rate |
20%* |
| Reduced Rate |
5% |
Annual Registration Limit - from 1.4.13 ** (1.4.12- 31.3.13 £77,000) |
£79,000 |
Annual Deregistration Limit - from 1.4.13 (1.4.12- 31.3.13 £75,000) |
£77,000 |
| Cash accounting turnover limit |
£1,350,000 |
| Annual accounting turnover limit |
£1,350,000 |
Flat rate scheme turnover limit for joining
|
£150,000*** |
| |
*20% w.e.f. 04/01/2011, previously 17.5% since 01/01/10
** Please note that the limit applies to any 12 month period, not just your financial year, so you must keep track of your turnover on a rolling 12 month basis if you are likely to be near the threshold.
*** Once in the flat rate VAT scheme, you can stay in until your turnover reaches £230,000.
VAT Fuel Scale Charges For 3 Month Periods (for accounting periods beginning on or after 1st May 2013)
| CO2 band , g/km |
VAT fuel scale charge, 3 month period, (£) |
VAT on 3 month charge (£) |
VAT exclusive 3 month charge (£) |
| ≤ 120 |
168.00 |
28.00 |
140.00 |
| 125 |
253.00 |
42.17 |
210.83 |
| 130 |
269.00 |
44.83 |
224.17 |
| 135 |
286.00 |
47.67 |
238.33 |
| 140 |
303.00 |
50.50 |
252.50 |
| 145 |
320.00 |
53.33 |
266.67 |
| 150 |
337.00 |
56.17 |
280.83 |
| 155 |
354.00 |
59.00 |
295.00 |
| 160 |
371.00 |
61.83 |
309.17 |
| 165 |
388.00 |
64.67 |
323.33 |
| 170 |
404.00 |
67.33 |
336.67 |
| 175 |
421.00 |
70.17 |
350.83 |
| 180 |
438.00 |
73.00 |
365.00 |
| 185 |
455.00 |
75.83 |
379.17 |
| 190 |
472.00 |
78.67 |
393.33 |
| 195 |
489.00 |
81.50 |
407.50 |
| 200 |
506.00 |
84.33 |
421.67 |
| 205 |
523.00 |
87.17 |
435.83 |
| 210 |
539.00 |
89.83 |
449.17 |
| 215 |
556.00 |
92.67 |
463.33 |
| 220 |
573.00 |
95.50 |
477.50 |
| 225 or more |
590.00 |
98.33 |
491.67 |
To find out how Chapman Robinson & Moore can help your business either call 01865 379272, or click here to arrange a free Confidential Business Analysis.