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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Feb 23

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For anyone looking for an accountant that ­understands the crazy world of dentistry, then look no further than Dodd & Co. Since taking us on as clients they have understood our needs and told us in no uncertain terms what we must do if we are to succeed. We use them for a full range of services; so many members of our team are in contact with many members of their team. Whatever the ­question, whether it is to the PAYE dept about maternity rights and pay or if we need assistance forecasting figures for the future, it is always dealt with professionally, accurately and quickly. Each and every member of the staff at Dodd & Co is friendly and approachable. They will do all they can to help, and if they can’t help you, they will find a man (or woman) that can. They are quite happy for you to call if you just want to “pick their brains” about something. We use them as a great sounding board to compare where we are locally and nationally, as they have a wealth of statistics on dentistry as a whole. Quite simply, we cannot say enough good things about Dodd & Co and don’t know where we would be without their sound and honest advice.  
-- Ghyllmount Dental Practice