You’ve heard about the income tax exemption for relocation expenses paid to directors and employees. But where do you stand with the Taxman when it comes to the VAT paid on these?
Published 20.03.2012
We received a question from a subscriber who asked whether he could reclaim VAT on the costs of using a room in his house. The simple answer is “yes”, but as you would expect there’s more to it than
that. What’s to know?
Published 18.09.2009
Renting out residential property is an exempt supply, which usually means you can’t reclaim any of the VAT you’ve paid on running costs. But if you’re already VAT registered, might there be a way to
get around this rule?
Published 31.05.2011
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
Doing up a property as a buy to let can be expensive. But in some situations you can lower the cost by using tax breaks that reduce the VAT. What are these and how can you take advantage?
Published 11.04.2014
Businesses can’t reclaim VAT on entertaining expenses, but there are circumstances where this rule doesn’t apply. And a recent case in the European Court of Justice (ECJ) has created a further
opportunity. When can you make a claim?
Published 23.04.2009
VAT paid on the cost of business entertainment can’t be reclaimed. However, what counts as entertainment and what is a general business staff-related expense isn’t always clear. How and why will it
benefit you to identify the difference?
Published 08.03.2022
As a general rule, registered businesses can reclaim the VAT paid on purchases and must charge it on the price of items they sell. However, different rules can apply if the items were second hand.
What’s the position?
Published 16.11.2015
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