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
If you’re registered you can reclaim VAT you pay on purchases. However, there’s more to it than that. What are HMRC’s must-follow rules and how can they be used to boost VAT recovery?
Published 04.02.2014
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
You’ve heard about the income tax exemption for relocation expenses paid to directors and employees. But where do you stand with the Taxman when it comes to the VAT paid on these?
Published 20.03.2012
You’ve got some old stock and office furniture clogging up your storeroom. It may not be in mint condition but it’s too good to throw away. If you take it home to use, or your company gives it to
you, what will the Taxman say?
Published 04.03.2011
Giving your employees benefits-in-kind (BiK) can be a tax-efficient way of rewarding them, but it still costs money. You can reduce this by reclaiming the VAT you paid in providing the BiK, but what
are the consequences?
Published 16.09.2010
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
A VAT expert recently reported that most businesses under-claim VAT each quarter, often by between 20% and 30% of the amount they are entitled to recover. If your company is one of these, how can you
fix the problem?
Published 18.03.2011
The experience of one of our subscribers during a recent VAT inspection is a reminder of how tricky the VAT rules on cars are. It turned out that his company was under-claiming VAT. Could you be
missing out?
Published 17.02.2010
You’re downsizing your office and have asked a few staff to permanently change to homeworking. You’ll pay them a one-off allowance towards the cost of setting up their home workspace. Can you reclaim
the VAT they incur?
Published 18.06.2021