From 1 April 2004 10 April 2003 Standard rate 17.5% 17.5% VAT fraction 7/47 7/47 Taxable Turnover Limits Registration - last 12 months or next 30 days over £58,000 £56,000 Deregistration - next 12 months under £56,000 £54,000 Cash accounting scheme - up to £660,000 £600,000 Optional flat rate scheme - up to £150,000 £150,000 Annual accounting scheme - up to £660,000 £600,000   Quarterly Return – Scale figure for private use of fuel   From 1 May 2004 Petrol scale charge VAT due per car Up to 1400cc £232 £34.55 1401cc - 2000cc £293 £43.63 Over 2000cc £432 £64.34 Diesel     Up to 2000cc £216 £32.17 Over 2000cc £273 £40.65