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Where Taxpayers and Advisers Meet

VAT on Company Vans

SpiderMam
Posts:5
Joined:Wed Aug 06, 2008 3:05 pm

Postby SpiderMam » Mon Jul 19, 2004 1:54 am

Hi, I am about to purchase a company van on HP. Can we claim the VAT back or not? Thanks

paultaylor@vatease.c
Posts:397
Joined:Wed Aug 06, 2008 3:02 pm

Postby paultaylor@vatease.c » Mon Jul 19, 2004 1:57 am

If you are VAT registered and will use the VAN for a taxable business purpose then you can reclaim the VAT on the HP charges.

If the VAN will have some non-taxable or non-business use then you will have to restrict your input VAT claim.

Regards

Paul Taylor
http://www.vatease.co.uk/


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