HMRC guidance clearly states that if you lease a ‘qualifying car’ for business purposes you cannot normally recover 50% of the VAT charged. The 50% block is to cover the private use of the car. You can reclaim the remaining 50% of the VAT charged, subject to...
HMRC guidance clearly states that if you lease a ‘qualifying car’ for business purposes you cannot normally recover 50% of the VAT charged. The 50% block is to cover the private use of the car. You can reclaim the remaining 50% of the VAT charged, subject to the normal rules. Capital...