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
When you buy equipment for your business and expect to use it for private purposes there are two methods for working out the amount of VAT you can reclaim. Which is the most tax efficient?
Published 16.10.2018
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
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
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
The VAT rules that apply where your business pays for fuel used for business and personal journeys are changing soon. Most businesses will need to revise their procedures; what will this involve?
Published 27.11.2013
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
During routine records checks HMRC first looks for mistakes which businesses commonly make. One target area is the VAT treatment of travel expenses. What should you be checking to ensure your VAT
returns are correct?
Published 19.05.2022
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
As a partially exempt business you’re required to review the VAT you’ve reclaimed over the previous twelve months and make an annual adjustment. What should you be looking out for to ensure you’ve
maximised your claim?
Published 19.01.2017