VAT Fuel Scale Charges 2018

Do you have private use of a road vehicle purchased by a business – if so it is important to be aware of the updated VAT fuel scales, updated from 1st May 2018. If you would like additional guidance on VAT fuel scales, Harvey Telford & Bates Accountants can provide guidance on this. See the full list of rates below:

Vat Fuel Scales Valuation Table

Description of vehicle: vehicle’s CO2 emissions figure VAT inclusive consideration for a 12 month prescribed accounting period (£) VAT inclusive consideration for a 3 month prescribed accounting period (£) VAT inclusive consideration for a 1 month prescribed accounting period (£)
120 or less 562 140 46
125 842 210 70
130 900 224 74
135 954 238 79
140 1,013 252 84
145 1,067 266 88
150 1,125 280 93
155 1,179 295 98
160 1,238 309 102
165 1,292 323 107
170 1,350 336 111
175 1,404 351 116
180 1,463 365 121
185 1,517 379 125
190 1,575 393 130
195 1,630 407 135
200 1,688 421 140
205 1,742 436 145
210 1,801 449 149
215 1,855 463 154
220 1,913 477 159
225 or more 1,967 491 163

 

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2018.

VAT registered businesses will use the fuel scale charges 2018 to account for VAT on private use of road fuel purchased by the business. If you require further advice on this or other VAT matters, contact the team of VAT specialists at HTB Accountants in Shrewsbury on 01743 462604 or email hello@htbaccountants.co.uk.

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