Tax Rates 2014/15

Value Added Tax

Standard rate (1/6 of VAT-inclusive price) 20%
Registration level from 1.4.14 £81,000 per annum
Deregistration level from 1.4.14 £79,000 per annum

Scale Charges

The scale charges for private use of business fuel are based on the CO2 emissions rating of the car. The minimum charge applies to ratings up to 120g/km, increasing in 5g/km steps to the maximum at 225g/km.

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.