If you’re VAT registered business and use a vehicle for work, it’s important to understand the different rules for VAT recovery on cars and vans.
When considering VAT recovery on cars and vans, whether a vehicle is regarded as a car or not is determined by various conditions. It’s always a good idea to check the list which is published by HMRC as a starting point. We’d mention though that this list is by no means exhaustive and is not updated regularly.
It is very difficult to reclaim input VAT on the purchase cost of a car. However, VAT can be claimed on the cost of a commercial vehicle, including a van.
This article covers the VAT recovery on cars and vans…
- exceptions for cars
- leased vehicles
- fuel and mileage
Click here to read the rest of this article by Richard Baldwyn
We acquire, curate and publish articles on business administration, management and marketing that we feel our members will benefit from reading. Premium and Pro members are able to log in and publish their own articles to share with other members only or publicly. Or articles can be submitted to the editor for publication by email: firstname.lastname@example.org.