You can reclaim VAT on the fuel portion of your mileage expenses if you don't pay a fixed rate under the Flat Rate Scheme.
You can reclaim all the VAT on fuel if you use your vehicle exclusively for business.
If your vehicle is driven for both business and personal use, you may handle VAT in the following ways:
- Reclaim all the VAT and pay the fuel scale charge for your vehicle
- Reclaim the VAT on fuel you use for business trips
- Don't reclaim any VAT. This may be the better option if you use your vehicle for business purposes on rare occasions, such that the fuel scale charge exceeds the VAT you can reclaim.
You can reclaim VAT on the fuel portion of your mileage expenses if you don't pay a fixed rate under the Flat Rate Scheme.
You can reclaim all the VAT on fuel if you use your vehicle exclusively for business.
If your vehicle is driven for both business and personal use, you may handle VAT in the following ways:
- Reclaim all the VAT and pay the fuel scale charge for your vehicle
- Reclaim the VAT on fuel you use for business trips
- Don't reclaim any VAT. This may be the better option if you use your vehicle for business purposes on rare occasions, such that the fuel scale charge exceeds the VAT you can reclaim.
Our Ultimate VAT guide walks through step by step what you need to know about registering for VAT, how to pay your VAT, your filing responsibilities and how to de-register for VAT.
- What is VAT
- When to register for VAT
- VAT rates
- Exempt/ Out of Scope VAT items
- VAT filing responsibilities
- De-registering for VAT
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Our Ultimate VAT guide walks through step by step what you need to know about registering for VAT, how to pay your VAT, your filing responsibilities and how to de-register for VAT.
- What is VAT
- When to register for VAT
- VAT rates
- Exempt/ Out of Scope VAT items
- VAT filing responsibilities
- De-registering for VAT
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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