Ask The expert – How can my company comply with the new EU Sixth VAT Directive?

All of your business fuel purchases will need to be made using a purchasing device such as a company credit card or a company fuel card.

There is an obvious security risk by using a company credit card as there are no purchase restrictions or easily transparent transaction details.For example, the purchase of diesel fuel and a packet of cigarettes will show up as a single purchase on a credit card statement, whereas with a fuel card from The Fuel Card Expert the driver will NOT be able to purchase sundry items from the service station.

Purchases made on a fuel card are invoiced on a single, fully itemised, VAT-approved invoice in the company name, fully compliant with the EU Sixth VAT Directive.

Comments are closed.