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
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
We recently told you about changes to the VAT fuel scale charge for non-business journeys which take effect next month. There have now been further developments. What are they and how will they
apply?
Published 10.01.2014
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
Your bookkeeper is preparing your latest VAT return which includes expenses paid by your employees, some of which include VAT. How much of this can you reclaim and what supporting evidence must you
have?
Published 04.10.2022
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
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
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
These days there’s less reliance on physical documents for VAT claims as digital invoices are becoming the norm. However, there are situations where you might not have the correct evidence or any at
all. When are you still entitled to reclaim VAT?
Published 24.03.2022