Value Added Tax from 1 April 2018
Standard Rate	20%
VAT fraction	1/6
Reduced Rate	5%
Current Turnover Limits
Registration - last 12 months or next 30 days over	£85,000 from 1 April 2018
Deregistration - next 12 months under	£83,000 from 1 April 2018
Cash accounting scheme - up to	£1,350,000
Optional flat rate scheme - up to	£150,000
Annual accounting scheme - up to	£1,350,000

VAT on fuel for private use in cars

Where businesses wish to reclaim the input VAT on fuel which has some degree of private use, they must account for output VAT for which they may use the flat rate valuation.

The table shows the VAT chargeable for quarters commencing on or after 1 May 2017. Please contact us for any updated rates.

CO2 emissions	Quarterly VAT
(g/km)	Flat rate valuation £	VAT on charge £
120 or less	140	23.33
125	211	35.17
130	224	37.33
135	238	39.67
140	252	42.00
145	267	44.50
150	281	46.83
155	295	49.17
160	309	51.50
165	323	53.83
170	337	56.17
175	351	58.50
180	365	60.83
185	379	63.17
190	393	65.50
195	408	68.00
200	422	70.33
205	436	72.67
210	449	74.83
215	463	77.17
200	478	79.67
225 or more	492	82.00

As well as general accountancy and tax skills, we also have individual specialist skills which enable us to provide clients with a first class service as and when required. With our wealth of experience, we pride ourselves on delivering an unparalleled service to all clients, whatever their size or sector.

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