VAT Scale Charges

Time to check your VAT Scale Charges!

 

If your business is VAT registered and reclaiming VAT on road fuel which may be used for private journeys, then a scale charge must be added onto the outputs on your VAT return.

From 1 May 2016 HMRC have changed the scale charge values, which are determined according to a car’s CO2 emissions. The new scale charges apply to the first full VAT period beginning on or after the 1st May 2016. You need to apply a scale charge for each car which has private fuel paid for by the business, so you may need to apply more than one scale charge to your VAT return.

The alternative to having to apply a scale charge is to not claim the VAT on road fuel for any vehicle, or to pay a rate per mile rather than putting the fuel bills through the business. Please contact Faye Armstrong on 01768 864466 if you would like to discuss the best option for your business.

VAT Scale

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Dec 11

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Never underestimate the importance of putting your clients and customers first. I've been a client of Dodd & Co Chartered Accountants for nearly a year now. Not only have they restored my faith in accountants but they have superb customer service. They pick up the phone, they take the time to listen to me and answer my (sometimes slightly daft) questions, they explain what should be done and when, always being happy to help. Last week we welcomed a new arrival to our family. Two days later we received a New Baby card through the post, from our fantastic accountant. They didn't need to, but they took the time to do so and it meant a lot. Outstanding customer service!
-- Richard Cooper - Cumbria Car Care