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
Your firm is relocating premises and spending a lot on refurbishments including fancy furnishings and artwork for the offices. A colleague has said you might not be entitled to reclaim VAT on some of
these costs. Are they right?
Published 05.07.2023
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
HMRC says that it’s simplifying the rules for VAT and vouchers. The trouble is the changes aren’t that straightforward. What exactly is changing and when will they take effect?
Published 13.12.2018
You’re selling a van which has been used for your business and for private journeys by one of your employees. How much VAT, if any, should you charge the buyer?
Published 31.10.2018
If you make a refund to a customer, you can usually reclaim the corresponding VAT you accounted for on the original sale, but not in every case. When are you not allowed to do this and how are the
rules changing?
Published 15.10.2013
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
You’re planning improvements to your business premises. You’ll be using individual contractors for the work as they gave the best quotes. None of them is VAT registered which could mean you paying
hidden VAT. Why and how can you reclaim it?
Published 31.05.2022
You’re preparing your VAT return which includes VAT paid on an especially expensive purchase. Naturally, you want to reclaim it as soon as possible but the supplier has failed to send an invoice.
Must you defer your claim until you receive it?
Published 02.02.2023
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