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all "Leasing cars - what are the VAT pros and cons?"
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Special rules restrict the amount of VAT your business can reclaim on car leasing payments. But these so-called blocking rules don’t apply to all charges made by rental companies. What and how much
are you entitled to claim?
Published 01.11.2013
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
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
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
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
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
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
The direct debit to pay the leasing costs of your company car(s) comes out of your bank account each month. This payment will include VAT at 17.5%. Do you simply put this Input tax on your VAT
return?
Published 26.10.2006
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