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Vat on Comapny Cars

capefear · 2011-07-19 12:10:34

VAT on passenger cars Following changes in the recent Finance Act, traders are now entitled to recover some of the VAT incurred on the purchase or lease of new passenger vehicles which are used for business purposes. Certain conditions apply. Traders can continue to recover VAT on the costs of maintaining such vehicles. Is…

19-07-2011 12:10pm

#1

capefear

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Join Date: May 2011

Posts: 581

VAT on passenger cars

Following changes in the recent Finance Act, traders are now entitled to recover some of the VAT incurred on the purchase or lease of new passenger vehicles which are used for business purposes. Certain conditions apply. Traders can continue to recover VAT on the costs of maintaining such vehicles.

Is the above through, that you can claim back vat on the hire purchase of a new car for business use. I have included the link below if any one is interested.

http://www.grantthornton.ie/db/Attachments/Publications/Tax/Grant%20Thornton%20VAT%20Matters%20March%202009.pdf

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