United Kingdom Tax Agency Explains VAT on Vehicles, Fuel Used for Business

The United Kingdom HM Revenue and Customs Jan. 6 explained the VAT treatment on vehicles and the fuel used for business purposes. The agency clarified: 1) the VAT definition of a car and motoring expenses incurred qualifying for the VAT refund; 2) the provisions for claiming the refund, partially or fully; 3) the input tax on purchased cars, leased cars, repairs and maintenance, and other motoring expenses; 4) the rules on commercial vehicle sales and car exports; 5) the eligibility and the process to reclaim VAT incurred by businesses for charging electric vehicles at work or public charging premises; 6) ...