22 May 2012
A business has purchased a motor vehicle on which VAT should be reclaimable. However, because it was bought on hire purchase via a finance company, HMRC are refusing an input tax credit in the absence of an invoice
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.