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
As a general rule, the Taxman expects you to scale down your VAT claim for purchases which are partly for non-business purposes. But in some cases he’ll allow you to make a full claim. When can you
take advantage of this concession?
Published 28.06.2011
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
Paying for goods/services with the company credit card is pretty run of the mill stuff. However, you might not be claiming all the VAT you are entitled to. What exactly should you be looking out for
when you complete your next VAT return?
Published 09.05.2008
HMRC’s policy on reclaiming VAT on the cost of company paid-for mobiles and IT equipment used by directors and employees at home is potentially generous. What are the rules and how can you take best
advantage of them?
Published 20.03.2014
You’ve heard from a colleague that he’s just had the decorators in. According to him, the Taxman will be footing the bill, as it’s being paid for by his company. How is this possible?
Published 13.04.2006
For this VAT period you have expenses shown on your company credit card statement but no VAT invoices to back them up. If you don’t include them in the return you might be missing out on Input VAT.
So what should you do?
Published 18.01.2007
Where you buy goods or services that are used only partly for business, the Taxman says you can reclaim a fair and reasonable proportion of the VAT. But in some cases you can reclaim the lot. When
does this apply?
Published 05.03.2012
We received a question from a subscriber who asked whether he could reclaim VAT on the costs of using a room in his house. The simple answer is “yes”, but as you would expect there’s more to it than
that. What’s to know?
Published 18.09.2009
A subscriber recently contacted us saying that they had heard the VATman was no longer allowing businesses to reclaim the VAT on the costs of holding meetings and conferences at hotels. Is this true?
Published 16.02.2006