Jan
5th
Tue
5th
VAT Fuel Scale Charge - what to do after 1 January 2010
After yesterday’s post about the Flat Rate Scheme for small business rates that apply from 1 January 2010 I thought I’d remind you about the change to the Fuel Scale Charge. I’ve prepared a table showing the new amounts to apply now that the VAT rate has increased to 17.5%.
If you apply the Fuel Scale Charge for private motoring you need to remember to apply the correct rate for months after 31 December 2009. If your VAT period spans the change in rate, those months that come after the change will need to pro-rate your fuel scale charge for that VAT period.
