Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month. Key projects supporting economic development across the UK will be given the green light, ending uncertainty over their future following the UK’s decision to leave the European Union. Assurances set out by the Treasury include: · all…
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Claiming back VAT on a vehicle purchase
Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance: · You may be able to reclaim all the VAT on a new car if you use it only for business. · The car must not…
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