In S Collins (t/a Unique Vehicles) v HMRC (TC01915 – 4 April) a sole trader (C) who carried on a car hire business and a chauffeuring business reclaimed input tax on six cars four of which had been purchased under finance agreements. HMRC rejected the claims and imposed misdeclaration penalties. C appealed. The Tribunal reviewed the evidence in detail and allowed the appeal in respect of the four cars which had been purchased under finance agreements finding that they were to be used primarily for a business of self-drive car hire so that the effect of VAT (Input Tax) Order SI 1992/3222 Article 7(2F) was that the tax was deductible. However the Tribunal dismissed the appeal with regard to the other two cars (a Mercedes and a Lamborghini) finding...
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In S Collins (t/a Unique Vehicles) v HMRC (TC01915 – 4 April) a sole trader (C) who carried on a car hire business and a chauffeuring business reclaimed input tax on six cars four of which had been purchased under finance agreements. HMRC rejected the claims and imposed misdeclaration penalties. C appealed. The Tribunal reviewed the evidence in detail and allowed the appeal in respect of the four cars which had been purchased under finance agreements finding that they were to be used primarily for a business of self-drive car hire so that the effect of VAT (Input Tax) Order SI 1992/3222 Article 7(2F) was that the tax was deductible. However the Tribunal dismissed the appeal with regard to the other two cars (a Mercedes and a Lamborghini) finding...
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