Chancellor George Osborne presented his post-election Second Budget to the House of Commons in July, some of which affected business tax and travel.
Where businesses wish to reclaim the input VAT on fuel which has some degree of private use, they must account for output VAT for which they may use the flat rate valuation charge. You can work out your VAT fuel scale charge on the Gov.uk website.
All cars first registered before 1 April 2017 will remain in the current VED system, which will not change. For cars first registered from 1 April 2017 onwards the following reforms will be introduced:
From 2020/21 revenues from VED will be used to create a new Roads Fund.
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