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
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
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
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
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
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
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
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
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
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