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Reclaiming VAT on fuel for company cars

If your company is registered for VAT, you can reclaim the VAT 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. You should calculate the charge for each vehicle from the scale charge tables in HMRC Public Notice 700/64 Motoring Expenses, then post the charges to your accounts.

Find out how >