Sage VAT Scale Charges

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Sage VAT Scale Charges

The Scale Charges change but in essence a proportion of the VAT which you reclaim on vehicle expenses is related to personal use of vehicles so the VAT must be paid back
To make this process simpler, there is a set charge applied to each vehicle.
This charge is dependent on the size and type of engine the vehicle has, i.e. petrol, diesel etc.
Go to the customs and excise website for current rates and the rules on how apply them.
In Sage go to the modules menu, there is a wizard to help with this process.
You just need to add up the total of the scale charges for all your company vehicles that are also used privately and enter it.
Sage 50 Accounts does the rest.

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