BSOG Step 4 – get your estimates right and prevent payment delays
Naturally, discussion of BSOG tends to focus on the year-end BSOG return that operators prepare throughout the year, which is ultimately certified by a qualified independent auditor such as EPM.
However, in advance of this, operators will have already prepared and submitted the yellow PSV310 estimate form, detailing the eligible commercial kilometres that they expect to run for the forthcoming year and the projected vehicle kilometres and fuel usage that will be required.
Based on this information, the DfT make the four quarterly payments on account. Any problems with the submission or processing of this form can result in payment delays which can have a huge impact on cashflow.
Operators also need to be aware that once the form has been processed, the Department will not accept revised submissions where mileage had previously been omitted – therefore it is essential that the form is correct and submitted on time.
Take the hassle out of claiming
For a free consultation on assisting you with your BSOG claim, get in touch with our expert Matthew Hanlon by completing the online form or call 01527 556940.