Company Vans
HadynB
Registered Posts: 38 Regular contributor ⭐
Hi
A bit of advice needed: has anyone had guidance from HMRC about restrictions required for the private use of vans.
Currently we have to do a painfully awkward apportionment for the VAT on private fuel use which is far from accurate and treat the van like a car and restrict the VAT recovery on the Contract Hire to 50% which I'm not so sure is necessary. We only have to do this for a couple of vans from our fleet but I just wanted the opinion of others that may have more knowledge of the situation. I can find various posts from people regarding how fuel scale charges only apply to cars and can understand why they would not apply, but we don't get reliable mileage records from the end users so looking for guidance from others who have been in similar situations, or better still, had guidance from HMRC.
Thanks
A bit of advice needed: has anyone had guidance from HMRC about restrictions required for the private use of vans.
Currently we have to do a painfully awkward apportionment for the VAT on private fuel use which is far from accurate and treat the van like a car and restrict the VAT recovery on the Contract Hire to 50% which I'm not so sure is necessary. We only have to do this for a couple of vans from our fleet but I just wanted the opinion of others that may have more knowledge of the situation. I can find various posts from people regarding how fuel scale charges only apply to cars and can understand why they would not apply, but we don't get reliable mileage records from the end users so looking for guidance from others who have been in similar situations, or better still, had guidance from HMRC.
Thanks
0
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