VAT

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)

CO₂band , 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.