There are multiple costs going through the business on behalf of one of the directors and these get reported on the P11D at the end of the year as benefits in kind.
I have not been too involved in this until now.
We have recently had a £4k plus VAT invoice in for car repairs on one of his personal vehicles, at present the VAT is being recovered and I am told the net value will be reported on the P11D. The invoice is also made out to the director at his home address.
The general viewpoint is that these ongoing costs are part of the employment package of the director, they are reported on the P11D and therefore are valid business expenses and the VAT is duly recoverable. The amount reported on the P11D would be the value incurred so in this instance £4k.
This seems okay to me albeit I feel the invoices really should be made out to the business in order to recover and may cause an issue.
Appreciate thoughts from those with more knowledge on the subject!