{"id":17558,"date":"2020-07-01T14:27:49","date_gmt":"2020-07-01T13:27:49","guid":{"rendered":"https:\/\/support.ospreyapproach.com\/?post_type=pracctice_guide&p=17558"},"modified":"2024-05-08T08:53:28","modified_gmt":"2024-05-08T07:53:28","slug":"apply-the-vat-fuel-scale-charge-private-disallowance","status":"publish","type":"pracctice_guide","link":"https:\/\/ospreyapproach2022.wireddemo.co.uk\/support\/guides\/apply-the-vat-fuel-scale-charge-private-disallowance\/","title":{"rendered":"Apply the VAT Fuel Scale Charge\/Private Disallowance"},"content":{"rendered":"
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Who is this guide for?<\/strong><\/p>\n

<\/i> Accounts Users<\/strong> and Accounts Supervisors<\/strong><\/p> \n<\/div>\n\n\n\n

At each quarter end there may be a VAT Fuel Scale Charge to apply to the Output VAT figures. This guide will take you through applying this<\/h2>\n\n\n\n

This can be achieved in Osprey by making the following postings. The end result will be that on the VAT return the Net amount will be added to box 6 (Value of Outputs) and the VAT will appear in Box 1 (Output VAT), and the VAT amount will be the expense in the Expense nominal. <\/p>\n\n\n\n

Create a new Income nominal<\/p>\n\n\n\n

Firstly you will need to create a new income nominal for the Fuel Scale Charge postings. Ensure it is an Income nominal and that it is set for inclusion in the VAT return. (click link below for a guide on how to do this) Managing Nominal Ledgers ><\/a><\/p>\n\n\n\n

Post the VAT fuel scale charge<\/p>\n\n\n\n