With a few exceptions, reclaiming VAT paid on the purchase of a car is notoriously difficult. By comparison, the VAT position for leasing and similar contracts is more relaxed, but what exactly are
you entitled to reclaim?
Published 02.10.2019
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
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
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
VAT rules for cars used in your business are notoriously strict. However, for some types of car-related expenditure they are surprisingly generous. What are they and how can you take maximum
advantage of them?
Published 18.04.2018
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
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
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
Following a recent tax inspection you’ve received a letter demanding VAT on your employees’ personal use of company vans. The inspector wants VAT for each of your vans for the last four years. Can
this be right?
Published 23.12.2014