Client rents some land from third party and has built storage facility/ large sheds to store all his own equipment, which is required for his building business. The land is boggy and so he has bought a quad bike to move stuff around, get around the land. It has road tax and number plate. Client insists its purely business use and wants to reclaim vat and claim cost as a business expense. Its a Ltd co. From my research, it would appear that as it is registered for road use, it would be classed as a car for vat purposes? and for CA's? but benefit in kind will be 20% MV?
22nd Dec 2020
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