VAT Fuel Scale Charge Changes

June 1, 2017

On 1 May 2017 HMRC released its annual update on the fuel scale charge (FSC). The FSC is an adjustment to the VAT return for VAT recovered on fuel for a vehicle that is used for personal use. Where a car is used for both business and personal use the VAT can be recovered on the total fuel cost, rather than just the business element, however a Fuel Scale Charge adjustment must be included on the VAT return to deal with the personal element. The amount pf the adjustment depends on the Co2 emissions of the vehicle.

 

The new rates should be used on the first VAT return after 1 May 2017. Check out the adjustment you need to make at:

 

https://www.gov.uk/government/publications/vat-road-fuel-scale-charges-table/vat-updatedvaluation-table-road-fuel-scale-charges-from-1-may-2017

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