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
With a few exceptions, reclaiming VAT paid on the purchase of a car is notoriously difficult. By comparison, the VAT position for leasing and similar contracts is more relaxed, but what exactly are
you entitled to reclaim?
Published 02.10.2019
VAT rules for cars used in your business are notoriously strict. However, for some types of car-related expenditure they are surprisingly generous. What are they and how can you take maximum
advantage of them?
Published 18.04.2018
When you or your employees are out on business, you might incur out of pocket expenses such as car park charges for which you don’t receive a proper invoice. Can your company reclaim the VAT?
Published 13.11.2014
Fuel prices are on the rise again, and with effect from May 1 2009 the Taxman has increased his VAT charges for private mileage. So, what’s the most effective way for you to claim some of this back?
Published 18.06.2009
Your firm’s drivers inevitably collect parking fines from time to time. It’s rarely worth disputing them even if they are questionable, but sometimes you can lower the cost a little by reclaiming the
VAT charged. When does this apply?
Published 09.09.2015
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
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
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