Claim VAT back on a passenger motor vehicle ?
VAT can be claimed back on a qualifying vehicle which is a passenger motor vehicle that
- is used for at least 60% business purposes
- was first registered for Vehicle Registration Tax (VRT) purposes on or after 1 January 2009
- has CO2 emissions of less than 156g/km.
You can reclaim a maximum of 20% of the VAT on qualifying passenger motor vehicles.
The vehicle must be used for 60% business purposes and must be retained for a period of two years otherwise the VAT reclaimed may be clawed back.
Subject to qualifying conditions
Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie