New VAT Fuel Scale Charges – Use From 1st May 2010
Here is some more “good” news in the run up to the general election next week…
Are you a business that provides private fuel for your employees? If so, you must apply the new VAT Fuel Scale Charges detailed below from the 1st May 2010.
This means any VAT period that starts on or after 1st May 2010.
These scale charges are a reduction of the input tax claimed on the fuel used for private motoring and work hand in hand with the P11D taxable benefit for private fuel provided to employees.
Yes – they have gone up again – substantially.
The new quarterly charges are (figures are inclusive of VAT):[Content protected for Basic members only. Please login or register to read the rest of this post.]
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