Les - does this contradict your answers to point 1?
3.1 Recovering the VAT charged on buying, importing or acquiring a car
As a general rule, you cannot recover the VAT on the purchase.
But if you buy, import or acquire one of these excepted cars, you may recover VAT in full.
These are a car which:
is a stock in trade of a motor manufacturer or dealer
is intended to be used primarily as a taxi, driving instruction car, or self-drive hire
will be used exclusively for the purposes of your business and would not be made available for the private use of anyone
My answers
It is an electric car
How do they benefit then?
Save tax on the salary sacrifice - but then the P11d is fully loaded to which they have to pay tax on
Thanks - Company Watch Score it says but calls it a "H" Score?
Great thank you - is it on a cash basis....eg if they pay £40k in April that is this year's allowance already exhausted
Not sure but thank you for your valuable input !
They will be used for private usage too
Les - does this contradict your answers to point 1?
3.1 Recovering the VAT charged on buying, importing or acquiring a car
As a general rule, you cannot recover the VAT on the purchase.
But if you buy, import or acquire one of these excepted cars, you may recover VAT in full.
These are a car which:
is a stock in trade of a motor manufacturer or dealer
is intended to be used primarily as a taxi, driving instruction car, or self-drive hire
will be used exclusively for the purposes of your business and would not be made available for the private use of anyone
Will take a look thanks
thanks clearance has been sought
thanks clearance has been sought