Home » Categories » Multiple Categories

Fuel Scale Charge Posting

Fuel Scale Charge Posting

If your company is registered for VAT, you can reclaim the VAT element of any expenditure on fuel provided by your company for use with company cars. This usage includes both private and business mileage. In return, HM Revenue & Customs (HMRC) require a charge to be paid. This charge is calculated for each vehicle from the scale charge tables in HMRC Public Notice 700/64 Motoring Expenses. You can work out the charge using the HMRC website https://www.gov.uk/fuel-scale-charge

When you've calculated the scale charges for each company car, these should be posted within the Cashbook Receipts option:



As per screenshot above, enter a Contra/Adjustments account in the Cash A/C box and a zero value in the Total Amt.

On line 1 of your posting choose the Fuel Scale Charges Expense account and post the fuel scale charge amount followed by the standard rate VAT letter - i.e. 238.00S.  Pressing <Enter> will calculate the net and tax amounts from this.

On line 2 of your posting select again the Fuel Scale Charge expense account and then in the amount field enter the amount as per the charge, including VAT, on the first line but with a negative value.  Leave tax code blank or select a ‘Out of Scope’ VAT code.


Custom Fields
  • Release ID: Standard
Attachments Attachments
There are no attachments for this article.
Related Articles RSS Feed
Record Groups as Items in Discount and Supplier Matrix
Viewed 2683 times since Fri, May 27, 2016
Controls and Audit Manager - Cashbook
Viewed 1443 times since Thu, Jun 28, 2012
Enter Invoice Adjustments
Viewed 1929 times since Mon, Jul 2, 2012
Utilities
Viewed 1925 times since Mon, Jul 2, 2012
Receipt Totals Analysis, Payment Totals Analysis
Viewed 1705 times since Wed, Jun 27, 2012
System Profiles - Cashbook
Viewed 1451 times since Thu, Jun 28, 2012
Close Period for Posting
Viewed 1917 times since Fri, Jun 8, 2012
Change Order Status - Stock Record Locking
Viewed 137 times since Thu, Jan 2, 2025
Print Supplier Payments - Purchase Ledger
Viewed 1958 times since Mon, Jul 2, 2012
Reports
Viewed 1914 times since Mon, Jul 2, 2012