Generally speaking, the recovery of input tax on company cars is specifically blocked. However, if the vehicle is a pool car can you claim the VAT back on its purchase price?
Published 08.06.2006
The Taxman’s rules about taxing benefits-in-kind are varied and can be complicated. But what about the VATman? If your company has paid VAT in providing you with a benefit-in-kind can it claim this
back on its VAT return?
Published 01.02.2007
A friend told you that HMRC allowed him to reclaim VAT on his new car because it’s used wholly for business travel. Your company owns a car that’s used almost entirely for work; does this mean you
can reclaim most of the VAT?
Published 10.12.2013
You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be
entitled to. Are they correct?
Published 18.03.2024
You often read about changes in policy in the VATman’s own literature. However, when you try to take advantage of them your local VAT office doesn’t have a clue what you’re on about. What’s going on?
Published 16.12.2004
With most policies, the insurance company will only pay the net cost of any claim you make. You have to pay the VAT. How can you recover this tax through your VAT return?
Published 24.02.2005
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?
Published 27.09.2007
Many new companies incur significant amounts of input VAT on start-up costs before they make any taxable supplies. Do you really have to wait to get your cash back from the VATman?
Published 30.03.2006
Special rules restrict the amount of VAT your business can reclaim on car leasing payments. But these so-called blocking rules don’t apply to all charges made by rental companies. What and how much
are you entitled to claim?
Published 01.11.2013
In a recent tribunal case the VATman used a different interpretation of the law concerning claims for pre-registration input VAT. Will this affect any claim you’ve already made or could make in
future?
Published 21.10.2004