Budget 2006 – VED

The charge bands are based on CO2 emissions if the car’s registered after 01/03/01 or engine size if registered before that. The new higher band (Band G) is only for vehicles registered after midnight tonight.

VED on vans has gone up by £5 to £170, except for vans that meet Euro 4 which have stayed at £110.

Posted under Courier Financial Issues, Vans

Posted by Alec at 5:30 pm, March 22, 2006

6TH VAT Directive – VAT on mileage allowance

Unfortunately for them they’re talking bollocks.

Firstly it only applies to employees, not the self-employed who should be keeping proper records anyway.

Secondly the ruling only means that employees’ fuel reimbursements will have to be supported by a VAT receipt if the company wants to reclaim the VAT and only the VAT paid on fuel used for business purposes will be recoverable.

Posted under Courier Financial Issues, Mileage Allowance Scheme, VAT

Posted by Alec at 1:25 pm, March 3, 2006