can i get an allowance from work to pay for things on my new car e.g. the VAT and blacked out windows (security) ??
i have heard that you can but i cant find info on this even after searching inland revenue site still none the wiser help me find out please?
2007-09-20 23:39:37 · 8 answers · asked by steven m 2 in Cars & Transportation ➔ Buying & Selling
i have done my sums been working there ages just time for a new car and i have heard that it is an actual thing that if you bring it up with your employer they have to pay you for so much of it if they dont offer a company car and thats not including the allowance for the petrol/maintenance.
and the VAT should be a yes as companies get VAT back !!!
2007-09-20 23:54:08 · update #1
im a computer technician i have about £10000 worth of netowkring equipment in the boot of my car and if i get an estate which i need blacked out windows are a must!! dont you know anything about security?
also i didnt ask for satnav or alloys the blacked out windows are simply for security not for personal excitement
2007-09-20 23:56:47 · update #2
jackie m i have looked on inland revenue and connot find the info i need all i can find is company cars but my company refuse to buy me a company car i must use my own which is why i think they should have to pay at least for the stuff they want me to have and the VAT as that costs them nothing but it costs me
2007-09-20 23:58:57 · update #3
It all depends where you work? Why not ask them.
They're sure to know more than an internet forum who don't know where you work!
2007-09-20 23:46:59 · answer #1 · answered by Steve C 5 · 0⤊ 0⤋
Ask the financial people at your work! You should be able to claim "extras" like the blacked-out security windows as a work expense, but the VAT on your new car? I don't think so. If work are paying your per mile or so much per month then it should include that. You should have done your sums!
Additional:
Are *you* VAT registered? If you are, then claim the VAT back, sure. If the company pay you *per mile* then it should be enough to cover fuel, maintenance, insurance etc etc. The AA site used to have guidance on that. If they give you a monthly allowance then that is in lieu of a company car.
2007-09-21 06:48:45 · answer #2 · answered by ? 7 · 0⤊ 0⤋
VAT cannot be reclaimed on any car used for non-company purposes, which includes commuting.
If your company claim back the VAT on a car, it has to be left at their premises overnight, and not used by you for private use (e.g. evenings, weekends, shopping, etc.)
However, they may be able to reclaim the VAT on any other expenditure they (not you) spend on the car, e.g. interest on finance payments, modifications for business reasons, service, maintenance, fuel, replacement parts, etc.).
If you pay for anything necessary for work, you may be able to offset the cost against income tax. This would be a private matter between you and the inland revenue, and not between you and your employer. You need to talk to a tax accountant.
2007-09-21 07:42:07 · answer #3 · answered by Neil 7 · 0⤊ 0⤋
thats ridiculous! maybe they can offer petrol allowance but asking them to pay for blacked out windows?
why not go the whole way and ask for a sat nav system (for speed) and a speed camera detector (so u dont get arrested before work!)???
come on, if u were an employer would u give employees money to buy silly things like that???
2007-09-21 06:53:17 · answer #4 · answered by *T*I*N*K*E*R*B*E*L*L* 3 · 0⤊ 0⤋
If its included in your job then you can but for company cars you get highly taxed, check with Inland Revenue
2007-09-21 06:55:31 · answer #5 · answered by Jackie M 7 · 0⤊ 0⤋
In uk you can clane 40 Pence for a mile up to 10,000 mile and 25 pence after from tax man get a P87. Ask your tax office or down load one
2007-09-22 01:00:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
That's entirely down to your employers. If they want you to carry expensive equipment around for them they should pay for any security measures - either that or bear the loss if it gets stolen.
2007-09-21 12:35:51 · answer #7 · answered by champer 7 · 0⤊ 0⤋
And I suppose they pay for your bus fare now do they???
2007-09-21 06:52:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋