Ltd Company to Sole Trader Vat on Van

chrismac1

http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

This is the link for the scale rates table. Their most common use was formerly calculating benefit in kind values, but for small companies running a company car is no longer any fun so it's the VAT element of the 45 pence which you see more of these days.

Strictly the scale rates change every quarter, though there are long periods of no changes if the pump prices are stable. But for most cars 2.5 pence per mile is pretty safe.

Suzzette

Thanks again ChrisMac1! You have been very helpful.