The VAT road fuel scale charge is used to account for private
use of fuel in a business vehicle, avoiding the need to retain detailed mileage
records. As is required annually, HMRC has published an updated valuation table
for the fuel scale charges, effective from 1 May 2020. Businesses will need to
use the new scales from the start of the next prescribed accounting period
beginning on or after that date.
The VAT road fuel scale charge is used to account for private
use of fuel in a business vehicle, avoiding the need to retain detailed mileage
records. As is required annually, HMRC has published an updated valuation table
for the fuel scale charges, effective from 1 May 2020. Businesses will need to
use the new scales from the start of the next prescribed accounting period
beginning on or after that date.
