VAT
Private use of business assets
You buy assets or goods for the business and routinely claim back the input VAT. If, however, you use them privately, the VATman will ask for his money back plus interest and penalties. How can you avoid this problem?
Login
Subscribe
Access to this part of
Tips & Advice Business Database is only available to subscribers.
Don't have a subscription?
Subscribe now for immediate access to all the features.
