The Value Added Tax (Flat-rate Valuation of Supplies of Fuel for Private Use) Order 2013

  1. Introductory Text

  2. 1.Citation and commencement

  3. 2.Flat-rate basis of valuation of supplies of fuel for private use

  4. 3.The “valuation table” is— (a) the updated valuation table having...

  5. 4.The “notes to the valuation table” are the notes set...

  6. 5.Revalorisation of the flat-rate valuation of supplies

  7. 6.On each occasion that the Commissioners revalorise, a table (an...

  8. 7.The Commissioners must publish the updated valuation table before the...

  9. Signature

    1. SCHEDULE 1

      Base valuation table

    2. SCHEDULE 2

      Notes to the valuation table

      1. 1.For a car of a description in the first column...

      2. 2.Where a CO2 emissions figure is specified in relation to...

      3. 3.For the purpose of paragraph 2, if the car’s CO2...

      4. 4.Where no UK approval certificate or corresponding certificate of conformity...

      5. 5.For the purpose of paragraph 4, the car’s cylinder capacity...

      6. 6.In any case where— (a) in a prescribed accounting period,...

      7. 7.(1) Where paragraph 6 applies, the value of the supplies...

      8. 8.“CO2 emissions figure” means a CO2 emissions figure expressed in...

      9. 9.“UK approval certificate” means a certificate issued under—

      10. 10.“Company car” means a car that is made available for...

    3. SCHEDULE 3

      Method for revalorisation of amounts specified in the base valuation table

      1. 1.The amounts in the base valuation table are to be...

      2. 2.Step 1 – establishing the current fuel price In respect...

      3. 3.Step 2 – calculating the prospective excise duty differences If...

      4. 4.Step 3 – calculating the duty inclusive fuel price For...

      5. 5.Step 4 – calculating the percentage price difference The percentage...

      6. 6.Step 5 – calculating the weighted percentage price difference If...

      7. 7.Step 6 – calculating the increase or decrease in the...

  11. Explanatory Note