I am really going to regret this... - Page 4

Burble · 08-03-2010, 22:00

Quote:

Originally Posted by Dr. Z

Your company will declare the car as for personal use or not when it comes to the VAT return

Really? I wouldn't have thought company car tax had anything to do with a VAT return.

Dr. Z · 08-03-2010, 22:18

They get 50% of the VAT back if it is for personal use as well as business mileage, 100% back if it is solely for business use, so that will be declared to HMRC.

Will · 08-03-2010, 23:58

I get to use my company car for personal use. It's my car to use as I see fit. I'll be paying around £80 a month for it.

08-03-2010, 22:18	#32
Dr. Z I'm going for a scuttle... Join Date: Jul 2006 Posts: 2,021	They get 50% of the VAT back if it is for personal use as well as business mileage, 100% back if it is solely for business use, so that will be declared to HMRC. __________________

08-03-2010, 23:58	#33
Will BBx woz 'ere :P Join Date: Jan 1970 Posts: 2,147,487,208	I get to use my company car for personal use. It's my car to use as I see fit. I'll be paying around £80 a month for it. __________________ *No No!*