Hi everyone, how do I work out how much it’s going to cost me on fuel before I have done the trip?
1500 miles at 8.5mpg.
Thanks in advance.
1 gallon = 4.55 litres.
You talking about fuel additives?
Or the math behind working out your cost?
1500 miles at 8.5mpg would cost you £962.70.
Assuming your paying £1.20 for diesel per litre.
Fuel should be roughly a third of your earnings
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If it helps the calculation is
Miles divided by mpg= gallons (1500/8.5= 176.47)
Gallons x 4.54 = litres (176.47 x 4.54 =801.17)
Litres x cost per litre inc VAT (801.17 x 1.20 = 961.40)
Or, if you use your figure of 8.5 mpg and £1.20 per litre, you can just multiply your mileage by 0.64.
Don’t factor the VAT into the equation, it’s a given. At 8.5 mpg the o/p is obviously running an artic. Artics tend to not get cash in hand jobs for private people, therefore 99% of jobs will be for VAT registered businesses who expect to be quoted for jobs at a minus VAT price, and they expect the invoice to come at the price plus VAT. For example company xyz will ask for a quote, haulier abc will quote £1000, they’ll agree, the job will then be invoiced at £1000 plus VAT.
the maoster:
Don’t factor the VAT into the equation, it’s a given. At 8.5 mpg the o/p is obviously running an artic. Artics tend to not get cash in hand jobs for private people, therefore 99% of jobs will be for VAT registered businesses who expect to be quoted for jobs at a minus VAT price, and they expect the invoice to come at the price plus VAT. For example company xyz will ask for a quote, haulier abc will quote £1000, they’ll agree, the job will then be invoiced at £1000 plus VAT.
Can I have the phone number of xyz, that sounds a good rate for the job. 
biggriffin:
the maoster:
Don’t factor the VAT into the equation, it’s a given. At 8.5 mpg the o/p is obviously running an artic. Artics tend to not get cash in hand jobs for private people, therefore 99% of jobs will be for VAT registered businesses who expect to be quoted for jobs at a minus VAT price, and they expect the invoice to come at the price plus VAT. For example company xyz will ask for a quote, haulier abc will quote £1000, they’ll agree, the job will then be invoiced at £1000 plus VAT.Can I have the phone number of xyz, that sounds a good rate for the job.
One of the biggest mistakes in haulage costs is working out the VAT element, although food products are exempt, a Mars Bar is a luxury item and attracts the standard rate of VAT 
Wheel Nut:
biggriffin:
the maoster:
Don’t factor the VAT into the equation, it’s a given. At 8.5 mpg the o/p is obviously running an artic. Artics tend to not get cash in hand jobs for private people, therefore 99% of jobs will be for VAT registered businesses who expect to be quoted for jobs at a minus VAT price, and they expect the invoice to come at the price plus VAT. For example company xyz will ask for a quote, haulier abc will quote £1000, they’ll agree, the job will then be invoiced at £1000 plus VAT.Can I have the phone number of xyz, that sounds a good rate for the job.
One of the biggest mistakes in haulage costs is working out the VAT element, although food products are exempt, a Mars Bar is a luxury item and attracts the standard rate of VAT [emoji38]
Mars bars contain some chocolate.
Chocolate is made from cacao beans.
Beans can be part of your 5 a day…
So…
The issue of whether a Jaffa Cake is a cake or a biscuit went to court years ago. A chocolate covered biscuit is liable for vat, whereas a chocolate covered cake isn’t. The Jaffa Cake won btw, it is a cake.
Chocolate is still part of my 5 a day, irrespective of it’s VAT state.[emoji3]
[quote=“Wheel Nut” One of the biggest mistakes in haulage costs is working out the VAT element, although food products are exempt, a Mars Bar is a luxury item and attracts the standard rate of VAT [/quote]
But the service supplied is haulage, it doesn’t matter what is in the boxes if the journey starts and finishes in the UK.
What about socks, are works socks, what defines a sock for work use, as I could put a claim in to hmrc.
If you can’t work out how to work out the costs of fuel without having to ask people you’re probably not the right person to be running a business. If you can’t work out the costs for a job then you’re going to be just another owner driver accepting runs that cost you more to do than you get paid just because it sounds a good number and in 12 months time wondering why you’re skint and not even able to afford to do the weekly shopping without cracking out the credit card.
cav551:
[quote=“Wheel Nut” One of the biggest mistakes in haulage costs is working out the VAT element, although food products are exempt, a Mars Bar is a luxury item and attracts the standard rate of VAT
But the service supplied is haulage, it doesn’t matter what is in the boxes if the journey starts and finishes in the UK.
[/quote]
Fallen at the first fence I am afraid,
Next! 
So Haulier Joe having subbed to one of the major supermarket RDCs 3 loads for delivery to various stores, has to invoice VAT according to the contents of each package on all 324 roll cages?
Steven2482:
Hi everyone, how do I work out how much it’s going to cost me on fuel before I have done the trip?
1500 miles at 8.5mpg.
Thanks in advance.
Must be a wind up question. Any one that takes the time to sign up to a forum rather than google how many litres to a gallon must be really daft or very bored