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question on vat scale charge

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question on vat scale charge

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.
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  • October 26, 2016 at 10:36 pm #346197
    Jean96
    Member
    • Topics: 77
    • Replies: 67
    • ☆☆

    Blessing is VAT registered
    In the quarter to 31 March 2016 Blessing’s accounts include the total cost of fuel for her car,which she uses 20% for private purposes , of £1200(VAT inclusive).The relevant VAT scale charge for the car is £468
    How much input VAT is reclaimable by Blessing after adjusting for any output tax due for the quarter ended 31 March 2016 in respect of the fuel for her car

    answer
    quarter ended 31 march 2016
    output tax
    fuel scale charge(468*1/6)=78
    input tax fuel (1200*1/6)=(200) why is there no apportionement for private use??

    October 29, 2016 at 11:43 am #346544
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    See the OT course notes – input tax will be recovered in relation to private fuel but the input tax is then reduced by the fuel scale charge output tax. This is done instead of restricting the input tax to just the business use proportion!

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