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Company car VAT – Avoiding mistakes when applying the fuel scale charge

Summary by Rotherham Taylor Chartered Accountants

From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices. Businesses using company cars will see a cut of nearly six per cent across most bands, with new rates applying to VAT periods starting on or after that date. Although the revised rates may result in marginal savings, they also highlight the importance of applying the fuel scale charge correctly. Getting the fuel scale charge wrong …

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6 Articles

Knights Lowe

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Company car VAT – Avoiding mistakes when applying the fuel scale charge

From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices. Businesses using company cars will see a cut of nearly six per cent across most bands, with new rates… The post Company car VAT – Avoiding mistakes when applying the fuel scale charge appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe.

7 months ago

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