FLEET News this week launches a new campaign following a European ruling set to ban companies from reclaiming VAT on fuel payments reimbursed to staff – a move that could cost fleets £1.2 billion unless they act.
Throughout the campaign you will be able to see the latest updates by clicking on the FuelWise logo on the FNN homepage.
The Fleet News FuelWise campaign, in association with Arval, will raise awareness and highlight best practice in dealing with the challenge of the ruling and give advice on the key issues.
The ruling is detailed and complicated and it will be at least three months before any legislative changes come into effect, according to the Treasury, but fleets will need to act immediately to understand its potential impact.
Mike Waters, head of market analysis at fuel card supplier Arval, said it was important fleets do not panic.
He said: ‘Although action will need to be taken quickly it is not recommended fleets have a knee-jerk reaction such as ditching pay and reclaim for all high-mileage drivers.’
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