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all "How much VAT can your company reclaim on fuel?"
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If your business provides company cars you need to take extra care in accounting for the cost of fuel. Get it wrong and your business and the driver will be hit with hefty tax and NI bills. What’s
the problem and how can you avoid it?
Published 11.01.2016
Where a director or member of staff puts in an expenses claim, it might include purchases on which VAT was paid. When can this be reclaimed and what paperwork is required?
Published 16.11.2015
On May 1 the VATman yet again increased his scale rate for fuel used for private journeys. How should you deal with this in practice and are there any alternatives?
Published 10.09.2008
Not every business expense comes with a VAT invoice or receipt. Without one you can’t be sure that VAT has been charged, which usually means there’s nothing you can reclaim. But there are exceptions.
What are they?
Published 11.10.2018
HMRC’s bad debt rules mean that if a customer doesn’t pay your bill you can at least reclaim any VAT you’ve accounted for. But what’s the VAT position if you’re in dispute with a supplier and you’re
withholding payment to them?
Published 02.09.2016
HMRC allows businesses to reclaim VAT on directors’ and employees’ homeworking costs. As an employer how can you take advantage of this without falling foul of the much tighter rules which apply to
income tax?
Published 09.04.2018
If your business makes exempt and taxable supplies, the VAT it can reclaim on its general expenses is restricted. HMRC operates a standard method for working out the restriction, but could you use a
special method instead to get back more VAT?
Published 24.03.2021
During a PAYE audit visit the Taxman picked up on a problem in our subscriber’s procedures for dealing with company car fuel. It could cost them thousands of pounds. What steps can you take to avoid
a similar fate?
Published 17.02.2010
In the Budget the Chancellor announced progressive tax hikes for company car drivers, but employer-paid fuel appears to have got off lightly. Is there now a tax advantage to filling up your car on
the company?
Published 19.04.2012
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