A pretty obscure subject and of limited interest to most people! But, for the few people who may be interested:
If a VAT-registered business buys a car, it can't reclaim the VAT on it (in 99.99% of cases). When it buys a van, it can. Therefore if there's a dispute over whether a vehicle is a car or a van, the taxpayer will argue van and the taxman will argue car.
A car-derived van is, as you'd think, a van based on a car - no rear seats, no back windows etc. Whether the taxman considers it a car or a van depends upon the exact design. Helpfully, they have published a list of such vehicles here:
http://tinyurl.com/59h58o
Hopefully this is of use to someone!
www.fizzhq.com
If a VAT-registered business buys a car, it can't reclaim the VAT on it (in 99.99% of cases). When it buys a van, it can. Therefore if there's a dispute over whether a vehicle is a car or a van, the taxpayer will argue van and the taxman will argue car.
A car-derived van is, as you'd think, a van based on a car - no rear seats, no back windows etc. Whether the taxman considers it a car or a van depends upon the exact design. Helpfully, they have published a list of such vehicles here:
http://tinyurl.com/59h58o
Hopefully this is of use to someone!
www.fizzhq.com
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