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Related UK Tax Questions
Please, can you help me to understand how I should record
Hello Please, can you help me to understand how I should record buying a car for my business ( I am in partnership). I bought it in this August for around £5000. How should I record it in accounting s… read more
bigduckontax
bigduckontax
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Please, can you advise? If I am using my personal places &
Hello Please, can you advise? If I am using my personal places & items: such as home,car, mobile, laptop - for a business, can I claim %proportion of usage as business expences and also claim input VA… read more
bigduckontax
bigduckontax
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When buying company car or van does it make any difference
hi, when buying company car or van does it make any difference for tax purpose if it is on higher purchase , lees finance or contract hire? Can all the repayments be set off against corporation tax? M… read more
bigduckontax
bigduckontax
Accountant
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I have bought many classic cars that I wish to sell in the UK (all outside the EU), most I
I have bought many classic cars that I wish to sell in the UK (all outside the EU), most I believe I can get a reduced rate of VAT of 5% if I become a registered business must I then charge VAT? and i… read more
bigduckontax
bigduckontax
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i am running 2 companies together i do around £1.000.000 turnover.
i am running 2 companies together i do around £1.000.000 turnover. one is as sole trader and the other one is ltd. i require a company car for me to visit my new customers ,potential new customers ,lo… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
My wife has a sole trading business which is vat registered.
My wife has a sole trading business which is vat registered. We want to know: what is the best way to get a car put on the business from a tax optimisation AND a simplicity of accounting point of view… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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We are a registered partnership, running a stud farm with 150
We are a registered partnership, running a stud farm with 150 areas. We are VAT registerd. Both partners have their own private vehicles other than the Land Rover. I am about to trade in my LandRover … read more
berduchwal
berduchwal
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can 2 individuals set up an LLP and transfer assets (house
can 2 individuals set up an LLP and transfer assets (house and cars) to the LLP, claiming back the Hire Purchase VAT on the cars? What prevents any couple just setting up as an LLP to take advantage o… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
I have a company allowance given to me to provide my own company
I have a company allowance given to me to provide my own company car. If I decided to lease a car on a personal deal I have been told that I should be able to claim tax relief on the VAT, is this the … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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I am not vat registered and am self employed. Do I enter the
I am not vat registered and am self employed. Do I enter the gross amount of any purchases that I have incurred for my business on my self assessment (including VAT) or can't I claim the vat element o… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
please help me. I am a director of a ltd company and i personally
please help me. I am a director of a ltd company and i personally pay for petrol and claim it from the company on fixed profit car scheme ie 40p per mile for first 10000miles- 25p 10000+ . I also know… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
Hello i am a self employed electrician who has been operating
Hello i am a self employed electrician who has been operating for 2 years now. My income is c. £45k gross pa, and am not yet VAT registered, although this may happen this year at some point. It may no… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hello, I have recently started a new self employed job. My
Hello, I have recently started a new self employed job. My questions are am i better off registering for vat and claiming and paying vat or as a self employed person claiming 40p per mile for my car e… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
Fixed Mileage Rate Advice needed. Am helping a friend with
Fixed Mileage Rate Advice needed. Am helping a friend with his tax return (2 days to go!). He has 4 distinctly separate businesses, so 4 lots of figures. The one thing they have in common is that they… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
I am a sole trader looking for a work vehicle, should i contract
I am a sole trader looking for a work vehicle, should i contract hire, finance lease or lease purchase and why. I am not vat registered.… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
Hi, I am self employed and sell new and used cars. I am currently
Hi, I am self employed and sell new and used cars. I am currently thinking of contract hiring a new car which will work out at £640 per month plus vat for 2 years. It is going to have my company logo … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi I am self employed and have been using a hire car for business
Hi I am self employed and have been using a hire car for business and private use . For the tax year 08/09 my T/O was less than £67000 and based on advice from Just Answer I claimed for the the costs … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
I have a potential client who is a driving instructor with
I have a potential client who is a driving instructor with the AA. She has registered for VAT for some reason and has a VAT return due this week. What expenses can she claim against this. Her car is l… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,712 satisfied customers
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