VAT Return: Purchases for both business and private use

According to HMRC, where items are used for both business and private purposes, you can only reclaim VAT on the business proportion. Eg if you buy a computer and use it 50 per cent for your business and 50 per cent for private use, you can only reclaim 50 per cent of the VAT. See:

Is it possible to specify the business proportion in QuickFile VAT returns?

Many thanks,

One method would be to manually adjust out any difference just before you submit the VAT return.

Alternatively you could apportion the non-VATable element in your purchase invoice as follows:

1 Like

This topic was automatically closed after 4 days. New replies are no longer allowed.