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
Businesses which lease or hire cars have been allowed to reclaim 50% of the VAT they pay. But this tax break was due to end recently, so where do you stand now?
Published 19.01.2011
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
The Taxman has recently issued a statement regarding the VAT which businesses can reclaim on major assets which aren’t used entirely for business purposes. What steps do you need to take now to meet
the Taxman’s new rules?
Published 04.05.2011
When you buy equipment for your business and expect to use it for private purposes there are two methods for working out the amount of VAT you can reclaim. Which is the most tax efficient?
Published 16.10.2018
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
You’re buying new IT equipment, mainly for use at home, but it will occasionally be used for work. Can you reclaim the VAT on the cost and is there any advantage in doing so?
Published 15.02.2018
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
Generally, when a business registers it can reclaim VAT paid for goods on hand. There’s also scope for reclaiming VAT on services received before registration but tough conditions apply. What exactly
are you allowed to claim for?
Published 06.09.2012
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