Member Since: 8th Apr 2021
26th May 2022
Thanks all. I've spoken to my accountant about it and to be honest they seem on the line about it; they've said to go for it but have said the hmrc could go either way on it in case of investigation which doesnt fill me with confidence! They are also super hard to get a hold of at the moment.
The main reason they said not to claim it for business was the BIK charge outweighed the vat reimbursement.
I had always plan to use and convert the van for commercial purposes, but also to use some of it privately. But since our news we will not be using it privately at all and the conversion will at least be delayed, which leaves it as a vehicle being used solely for transport purposes.
In regards to the invoice, yes its just got my name on it, although im not sure they ever even asked for a business. I bought it in person at a dealership. Insurance also in my name.