Using own car and vat on private usage
Emthi
Registered Posts: 53 Regular contributor ⭐
Hi all
what method do you all use to calculate the vat on private fuel? (client of mine uses his car for business and his private use. when we calculate vat on these both what method do you adopt)
Thanks in advance
what method do you all use to calculate the vat on private fuel? (client of mine uses his car for business and his private use. when we calculate vat on these both what method do you adopt)
Thanks in advance
0
Comments
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Fuel scale charge0
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Take the fuel advisory rate from here http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm And then x 20/120 or divide by 6 to work out the VAT to claim. Then claim that per mile. It's usually 2 - 4 pence per mile.0
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Thanks Gem and Stevo
@ Stevo, is it for company cars? ( my client uses his own car)
Thanks0
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