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  • News - Updated fuel advisory rates - September 2017
    HMRC's fuel rates buck the current trend. What do you need to know?
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  • Tips & Advice VAT - Who can benefit from the 5% rate on fuel and power?
    Residential properties benefit from the 5% reduced VAT rate on fuel and power, but so can some businesses and charities. Who can potentially qualify, and are there any conditions?
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  • News - New flat rate car fuel charges
    VAT on fuel. Where your business pays for fuel used for private journeys by you or your employees, you can choose a number of ways to handle the VAT. One of these is to reclaim it all and account to HMRC for any private use by paying a flat rate scale charge which is added to the amount payable with your VAT returns. Annual revalorisation. HMRC revalues the likely cost of fuel each year and sets new scale charges. New rates took effect on 1 May...
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  • News - Updated advisory fuel rates
    New rates. HMRC has updated its advisory fuel rates (AFRs) with effect from 1 March 2017. These are the rates for reimbursement of fuel costs which can be used by employers and employees to avoid the car fuel benefit in kind charge arising. HMRC allows you to use the previous rates until the end of March 2017. The table shows the new AFRs with the old ones in brackets. VAT too. AFRs can also be used to work out the fuel element of mileage allowances that you pay to your employees for using their own cars...
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  • Tips & Advice VAT - What’s new with scale charges?
    The VATman has had to make some changes to the way motoring scale charges work as they didn’t comply with EU legislation. How might this affect your business?
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  • Tips & Advice VAT - Reclaiming VAT on fuel costs
    Fuel costs represent a significant outlay for your business. But as there are many different ways of dealing with the VAT on motoring expenses, how can you be sure to get the most back with the least amount of admin?
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