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
A customer recently returned your bill saying that you had incorrectly added VAT on expenses you incurred in providing your services. He says he won’t pay your invoice until you correct it. Is he
right about the VAT?
Published 02.10.2014
When you buy or sell an active business, the transaction is outside the scope of VAT so there’s nothing to pay or reclaim on your return. In view of this, how much VAT on legal etc. costs linked to
the sale can you recover?
Published 02.10.2013
You’re launching a new product line and to get it off the ground you’ve invited existing and potential customers to an event for a closer look. Can you reclaim the VAT paid on the cost of the event?
Published 05.03.2018
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
Your company bought some machinery for a particular project, but no longer has a use for it. If it transfers the equipment to you for personal use, will this trigger a VAT charge?
Published 26.06.2014
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
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
These days there’s less reliance on physical documents for VAT claims as digital invoices are becoming the norm. However, there are situations where you might not have the correct evidence or any at
all. When are you still entitled to reclaim VAT?
Published 24.03.2022
You’ve reclaimed VAT on an asset which you expect to use to make VATable supplies, but your intentions change. It will instead be used for exempt or non-business purposes. Does this mean you’ll have
to repay the VAT?
Published 11.01.2016