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Updated VAT road fuel scale charges

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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.

Issue: 1485
Categories: News
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