Using own car and vat on private usage

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Emthi
Emthi Registered Posts: 53 Regular contributor ⭐
in General accounting discussion
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

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  • Gem7321
    Gem7321 Registered Posts: 1,438 Beyond epic contributor 🧙‍♂️
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    Fuel scale charge
  • stevo5678
    stevo5678 Registered Posts: 325
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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.
  • Emthi
    Emthi Registered Posts: 53 Regular contributor ⭐
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    Thanks Gem and Stevo
    @ Stevo, is it for company cars? ( my client uses his own car)

    Thanks

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