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| © Roadstar Services Limited |
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| VAT & Fuel Cards |
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- All Roadstar paper invoices and e-bills comply fully with HM Revenue and Customs requirements.
- HM Revenue and Customs will only allow the employer to reclaim VAT on fuel
if the purchase is supported by an invoice from the supplier.
- Fuel cards are the best way to ensure that you comply with this legislation and continue to recover all your VAT on fuel. The invoice is addressed to you, and you can issue as many cards as you wish to your employees and drivers and still reclaim the 13p per litre VAT. (based on current prices)
- VAT on fuel makes over £6 of every £50 your employee spends.
- It is estimated that those UK businesses that do not use fuel cards lose over £1 billion per year.
- Leading accountants advice is "If employers supply employees with a company fuel card and the petrol and diesel is purchased using the card then the employer will receive a tax invoice for the fuel at the end of the month from the company issuing the fuel card. The employer will then be able to reclaim all the VAT charged."
- So don't lose out - make sure your business doesn't hand over £££'s to the tax man unnecessarily
- apply for your free fuel cards today.
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