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.
The new quarterly charges are (figures are inclusive of VAT)…
Hot Tax Tips Are Coming…
This site has been running now since September 2007 and there is a lot of information and advice that I have put on here since then, all for free, and available to anyone who dropped by. Times are changing! I will still provide the content for free but access to it will require a commitment from you to register as a basic level member.
When Voting In May – Remember Labour’s Highest Rate Of Tax Is 60%!
Having discussed tax with a high earning client earlier today, I was suprised they hadn’t realized there is a current highest rate for some earners of 60%. So I thought if one person didn’t know then there are probably a few more out there that ought to be informed before they cast a vote on May 6th.
OK. It isn’t a universal tax rate. It only applies to some people whose income falls into a certain range…
