VAT Fuel scale charge update

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017.

VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business.

Description of vehicle: vehicles CO2 emissions figure	VAT inclusive consideration for a 12 month prescribed accounting period (£)	VAT inclusive consideration for a 3 month prescribed accounting period (£)	VAT inclusive consideration for a 1 month prescribed accounting period (£)
120 or less	563	140	46
125	842	211	70
130	901	224	74
135	955	238	79
140	1,013	252	84
145	1,068	267	88
150	1,126	281	93
155	1,180	295	98
160	1,239	309	102
165	1,293	323	107
170	1,351	337	111
175	1,405	351	116
180	1,464	365	121
185	1,518	379	125
190	1,577	393	131
195	1,631	408	136
200	1,689	422	140
205	1,743	436	145
210	1,802	449	149
215	1,856	463	154
220	1,914	478	159
225 or more	1,969	492	163

VAT remains one of the least understood of all taxes, which is why we set up a specialist VAT advisory department, to help guide businesses through the complex maze of VAT legislation. Our team help with all areas of VAT from relatively basic issues such as initial registration, the completion and submission of VAT returns and advice on how to correct errors and mistakes, through to more complex issues such as assessments, control visits, cross border transactions and DIY house builds. Whatever your VAT query; why not get in touch, and discuss any queries you may have with a member of our team.