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Post Info TOPIC: VAT Return - Fuel Scale Charges


Newbie

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VAT Return - Fuel Scale Charges
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Hello Everyone

I am a new Book Keeper, so everything is still a learning curve.

I have a new client and they have asked me to process their quarterly VAT Return, this is something I do for my husbands business so fingers crossed I will be ok processing it.  Their accountant has pointed out to me that they apply a Fuel Scale Charge to allow for the private use of their vehicle, which I will now need to do. 

From what I understand, Fuel Scale Charge is calculated on the vehicles C02 emissions and the fixed charge is added to 'output VAT' but how do I work this out and implement it into their VAT Return?

Any advise would be gratefully received.



__________________

Kind regards,

Bee

'New to all this lark of Book Keeping'



Master Book-keeper

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www.gov.uk/government/publications/vat-road-fuel-scale-charges-table

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Posts: 8646
Date:
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via suitable journals.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

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