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Capitalise VAT

ucki · 2013-02-27 23:04:50

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

27-02-2013 11:04pm

#1

ucki

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: February 2013

Posts: 1

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

0

Comments

#2 28-02-2013 2:00am

tony81

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Capitalise it

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#3 28-02-2013 10:46am

dbran

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Capitalise the gross value of the car

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#4 28-02-2013 11:58am

ucki

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

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#5 28-02-2013 5:41pm

smcgiff

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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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