Value Added Tax
|Standard rate (1/6 of VAT-inclusive price)||20%|
|Registration level from 1.4.13||£79,000 per annum|
|Deregistration level from 1.4.13||£75,000 per annum|
The scale charges for private use of business fuel are based on the CO2 emissions rating of the car. A different charge will apply for each 5g/km increase between 120g/km and 225g/km (max).
Exact figures for a 1-month, 3-month or 12-month return period have to be obtained from the table on HMRC’s website: www.hmrc.gov.uk.