United Kingdom Tax Agency Issues Guidance on VAT Road Fuel Scale Charges for Business Vehicles

The United Kingdom HM Revenue and Customs April 17 issued guidance on VAT road fuel scale charges applicable from May 1, 2024, to April 30, 2025, to account for private consumption of fuel on a business vehicle. The guidance includes: 1) the procedure to determine the road fuel charge based on CO2 emissions and the length of the VAT accounting period; 2) the VAT rate tables for monthly, quarterly, and annual charges; 3) the valuation table, which provides VAT inclusive consideration for the accounting period of one month, three months, and 12 months based on the vehicle’s CO2 emissions figure, ...