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
The recession means that many business owners are turning to homeworking to avoid renting premises. What’s the situation regarding VAT you pay on building work to create an office in your home?
Published 09.04.2009
HMRC’s latest Business Brief says that if you have used the Lennartz method to account for VAT on the private use of assets you may need to review your calculations. Could this be you?
Published 24.03.2022
While generally you don’t permit your employees to use their company vans for private journeys, you allow some leeway while they are working on site. Does this affect the VAT you can reclaim on the
cost of the vehicle?
Published 08.05.2022
You plan to extend your house to accommodate an office for your business. A colleague has told you that this means VAT will have to be accounted for when you sell the property. Is he correct?
Published 21.09.2016
You buy assets or goods for the business and routinely claim back the input VAT. If, however, you use them privately, the VATman will ask for his money back plus interest and penalties. How can you
avoid this problem?
Published 27.09.2007
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
The flat rate scheme has advantages for small businesses, not least the potential to reduce their quarterly VAT bills. However, one of the disadvantages is a restriction on reclaiming VAT paid on
some capital purchases. When does this rule apply?
Published 15.05.2023
A business associate has suggested you use a “special method” for your VAT partial exemption calculation as it saves their business money. When can you use a special method and can it actually lower
your VAT bill?
Published 03.06.2019
In his recent budget the Chancellor slipped in a sneaky change regarding the right of businesses to reclaim VAT using the Lennartz rule for purchases. This will affect thousands of businesses in the
UK. What’s it all about?
Published 14.04.2010