1

(1)    This Order may be cited as the Value Added Tax (Consideration for Fuel Provided for Private Use) Order 2002 and comes into force on 1st May 2002.

(2)    It takes effect in relation to a taxable person from the beginning of his first prescribed accounting period beginning after 30th April 2002.

NOTES
Initial Commencement
Specified date

Specified date: 1 May 2002: see para (1) above.

2

2

For Table A in section 57 of the Value Added Tax Act 1994, substitute the following—

TABLE A
Description of vehicle
(Type of engine and cylinder capacity in cubic centimetres)
12 month period
£
3 month period
£
1 month period
£
Diesel engine
2000 or less850.00212.0070.00
More than 20001075.00268.0089.00
Any other type of engine
1400 or less905.00226.0075.00
More than 1400 but not more than 20001145.00286.0095.00
More than 20001690.00422.00140.00
NOTES
Initial Commencement
Specified date

Specified date: 1 May 2002: see art 1(1).

VAT99 Tax Law99

Signature

Tony McNulty

Anne McGuire

Two of the Lords Commissioners of Her Majesty's Treasury

17th April 2002

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Order)

VAT is payable if road fuel of a business is used for private motoring. The VAT due must be calculated using flat-rate values related to engine type and size.

This Order reduces those flat-rates by an average of 6 per cent for diesel vehicles and 7 per cent for those using other fuels. This reflects the reduction in road fuel costs which has occurred since Table A in section 57 of the Value Added Tax Act 1994 (c 23) was last amended.

The new rates apply to any relevant accounting period starting after 30th April 2002.

VAT99 Tax Law99