- 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.
