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Search results: 18 article(s) found in topic: Cars - keyword: VAT

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VAT

New VAT rules for personal contract purchases

VAT

New scale charges for VAT on fuel

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

New flat rate car fuel charges

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

New VAT flat rate fuel charges

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

Get more (VAT back) from your mileage allowances

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? 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...

VAT

Taxman’s advice on car fuel is wrong

Last updated: 24.05.2019

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