- UK HM Revenue and Customs issued guidance on VAT road fuel scale charges for business vehicles
- Guidance covers procedure to determine charges based on CO2 emissions and VAT accounting period
- Includes VAT rate tables for monthly, quarterly, and annual charges
- Valuation table provides VAT inclusive consideration based on CO2 emissions figure
- Procedure to determine CO2 band based on engine size for vehicles without emissions figure
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- City of Portsmouth College v HMRC: VAT on Government Grants for Free Education Services
- Understanding VAT Obligations and Reliefs for Charities in the UK
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty