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VAT & Company cars

01-05-2012 12:23pm

#1

Baby4

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#2 01-05-2012 10:27pm

Shane732

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Just to be clear -

A 20% VAT input credit can generally be reclaimed on non-commercial vehicles provided certain criteria are satisfied. (I'm open to correction on the 20%)

A 100% VAT input credit can generally be reclaimed on commercial vehicles provided the vehicle is used for the purpose of the business.

VAT can be reclaimed on diesel provide the diesel is used for the furtherance of business (i.e. a sales rep etc...).

As a general rule VAT cannot be reclaimed on petrol.

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