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  • Rates - VAT - car fuel flat rate charges
    VAT - car fuel flat rate chargesA flat rate charge can be used to work out the VAT on fuel paid for by a business which is used for non-business travel. The rates from 1 May 2020-30 April 2021 are shown in the table. CO2 band g/kmTwelve-month period £VAT fuel scale charge per periodThree-month £One-month £120 or below581144481258702187213093023176135986246811401,047261871451,103275911501,163290961551,2193051011601,2793191061651,3353341111701,3963481151751,4523621201801,5123771251851,5683921301901,6284061351951,6844211402001,7454361442051,8014501492101,8614641542151,9174791592201,977493164225...
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  • Rates - VAT flat rate scheme percentages
    VAT flat rate scheme percentagesSince 1 April 2017 a new rate of 16.5% applies to “limited cost traders”. Broadly, a limited cost trader is one whose VAT-inclusive expenditure on goods is either:less than 2% of its VAT-inclusive turnover in a VAT return period; orgreater than 2%, but less than £1,000 per annum (time apportioned for shorter return periods, e.g. £250 for a VAT quarter).These rates will apply from 4 January 2011 until further notice.Business categoryPercentageAccountancy or bookkeeping14.5Advertising11Agricultural...
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  • Rates - Value added tax (VAT)
    Value added tax (VAT)Value added tax (VAT) is paid by the purchaser on all goods and services that aren’t exempt. It’s also payable on goods and services imported into the UK by the purchaser. The seller of the goods or services is responsible for calculating and collecting (charging) the VAT from their customers.Type of supplyFrom 1 April 2018Standard-rated 20%Reduced rate5%Zero-rated0%Note. Apart from the rates shown in the table above, some goods and services are exempt from VAT, e.g. the supply of...
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