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VAT

EU agrees UK’s concession for leased cars

VAT

Car leasing - how much VAT can you reclaim?

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? More...

VAT - CARS

Motor expenses - an unexpected VAT bonus

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? More...

VAT - CARS

When can you reclaim VAT on the purchase of a car?

The First-tier Tribunal (FTT) ruled in favour of a business which reclaimed VAT on the cost of several company cars. How was the company able to defeat HMRC’s usually watertight rules and can you use the same tactic? More...

VAT

Is your insurance company diddling you out of VAT?

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? More...

VAT

Reclaiming VAT on company cars

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? More...

CARS

End of VAT break on cars?

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? More...
Last updated: 13.08.2020

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