I established consultant Agency few months ago and I have some questions for you. Do I have to pay VAT on educational material? It would be nice to inform me how to know when purchasing services and goods have VAT and which don’t? I have also one vehicle which is used for personal purposes. Can the vehicle costs be claimed? What are capital allowances on vehicle? Thank you.
The traders are obliged to show VAT, when the one has been added and you can see it on your receipt. You can see nine long digits showing valid VAT registration number. But for car it’s expected to be seen VAT separately set out. Vehicle running costs can be claimed as expenses if vehicle is used only for business purposes. Capital allowance on vehicle and vehicle business costs are split between allowed and disallowed cost depending on business or personal use of the vehicle. For example parking fee for business purpose can be claimed.
