Since April 2013 unincorporated businesses can claim simplified deductions for motor expenses. Companies could already claim these indirectly. As a result, some businesses have been losing out on
VAT. What should you be claiming?
Published 05.03.2014
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
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
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
A friend told you that HMRC allowed him to reclaim VAT on his new car because it’s used wholly for business travel. Your company owns a car that’s used almost entirely for work; does this mean you
can reclaim most of the VAT?
Published 10.12.2013
If your business pays for fuel for work and private journeys, there are different methods to work out the VAT reclaimable. There are further complications if your business is partially exempt. Which
method should you use to maximise your claim?
Published 27.11.2019
HMRC has published new VAT guidance on its policy for the supply and purchase of electricity for electric vehicles. What’s the full story?
Published 18.06.2021
The Taxman has incorrectly applied the law which says how much VAT is payable where businesses pay for fuel used for private mileage. What’s the full story?
Published 31.05.2012
If your business pays for road fuel, it can recover the VAT element relating to business use. There are different methods for working out the amount reclaimable. Which is the best for your business?
Published 06.03.2023
An employee has written off his company car. Its insurance value is £8,000. The claim form asks if you’re VAT registered; you are, so you tick the “yes” box. You’ve just lost £1,300! Why and what
steps can you take to avoid this trap?
Published 02.05.2014