Capitalised items

TALLY Registered Posts: 22 Dedicated contributor 🌟 🐵 🌟
Could anyone tell me if you are able to claim the VAT back on things that have been capitalised.

Thanks for replies.


  • Gem7321
    Gem7321 MAAT, AAT Licensed Accountant Posts: 1,438
    Yep you can claim input VAT, following normal VAT rules in is it wholly and exclusively for the business. You can't claim VAT back on cars (unless it's a taxi or other commercial vehicle).
Privacy Policy