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Commercial or Private Car??

artvandulet · 2010-09-14 10:31:50

I am a sole trader and registered for vat and need to purchase a car for work. I dont need a commerical vehicle in terms of space/storage but I'm just wondering does having a commericial car make any difference to having a private one, from a tax and vat perspective? Thanks.

14-09-2010 10:31am

#1

artvandulet

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I am a sole trader and registered for vat and need to purchase a car for work.
I dont need a commerical vehicle in terms of space/storage but I'm just wondering does having a commericial car make any difference to having a private one, from a tax and vat perspective?

Thanks.

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Comments

#2 14-09-2010 10:48am

censuspro

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You can claim back the VAT on the commercial vehicle.

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#3 14-09-2010 10:51am

artvandulet

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thanks, so other than claiming the vat back on the purchase of the vehicle, everything else is the same?

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#4 14-09-2010 10:53am

JustAddWater

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John gormley will hunt you down if you use it for private purposes!

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#5 14-09-2010 11:18am

censuspro

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artvandulet wrote: »

thanks, so other than claiming the vat back on the purchase of the vehicle, everything else is the same?

Provided you are a sole trader and not a ltd company, there are no other implications that I can think of other than: you can claim back the VAT on diesel and motor tax is cheaper for commercial vehicles than private cars.

0