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Capitalise VAT

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  • 28-02-2013 12:04am
    #1
    ucki
    Registered Users Posts: 3 ✭


    Hi ,

    My company has recently purchased a new passenger vehicle . We are not entitled to reclaim the VAT , my question is do I capitalize the net value of the
    Car or the gross.

    Any assistance would be appreciated.

    Thanks


Comments

  • Options
    #2
    tony81
    Closed Accounts Posts: 595 ✭✭✭tony81


    Capitalise it


  • Options
    #3
    dbran
    Moderators, Business & Finance Moderators Posts: 2,094 Mod ✭✭✭✭dbran


    Capitalise the gross value of the car


  • Options
    #4
    ucki
    Registered Users Posts: 3 ✭ucki


    Thanks guys , sometimes the simplest things can cause you to doubt yourself.:)


  • Options
    #5
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    ucki wrote: »
    Hi ,

    We are not entitled to reclaim the VAT

    Doubtful you've overlooked this, but for the purposes of completion (in case people see this thread and automatically think you cannot claim some VAT in all cases).


    http://www.revenue.ie/en/tax/vat/refunds/vat-reclaims-faqs.html


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