1. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
Non-deductible VAT:
VAT on purchase, hire or leasing of passenger motor vehicles
VAT on purchase of vans and trucks is deductible
Partial VAT input credit allowed for purchase, hire or leasing of passenger motor vehicles

2. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
Non-deductible VAT:
VAT on purchase, hire or leasing of passenger motor vehicles
VAT on purchase of vans and trucks is deductible
Partial VAT input credit allowed for purchase, hire or leasing of passenger motor vehicles

3. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
VAT on purchase, hire or leasing of passenger motor vehicles – Partial VAT credit:
20% of VAT incurred deductible
Car must be used for 60% business purposes
Car must be a Category A,B, or C car

4. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
Non-deductible VAT:
VAT on purchase, hire or leasing of passenger motor vehicles
Partial VAT credit clawed back if car is disposed of or ceases to be used for business purposes within 2 years

5. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
Non-deductible VAT:
VAT on purchase, hire or leasing of passenger motor vehicles
Clawback calculated as follows:
TD x (4-N) / 4
TD = Amount of tax deducted by VAT registered person when motor vehicle was acquired
N = the number of days from acquisition to date of disposal divided by 182

6. Value Added Tax
Calculation of VAT Liability – Calculation of Input VAT
Non-deductible VAT:
VAT incurred on provision of food, drink, accommodation, entertainment or other personal expenses. Qualifying accommodation at a Qualifying conference is deductible
VAT on petrol, other than for inventory. VAT on diesel is deductible
Any purchases for which the trader does not have a valid invoice