Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

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  1. #1
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    Default Can i claim VAT back on my tools i buy for work.

    Hi

    I pay for all my tools i use at work, i am full time employeed in a workshop and am required to have my own basic tools to carry out my job, specialised tools are supplied.

    Can i claim the VAT back like a self employed person can?

    how would i go about this!?


    TIA


  2. #2
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    Default Re: Can i claim VAT back on my tools i buy for work.

    Ask HM Customs & Revenue.

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  3. #3
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    Default Re: Can i claim VAT back on my tools i buy for work.

    I was hoping someone here currently dose this!

    and can help!


  4. #4
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    Default Re: Can i claim VAT back on my tools i buy for work.

    I believe you can only reclaim VAT if you are a VAT registered trader. You may be able to claim Income Tax relief if they are required for your work. As a previous poster said check out http://www.hmrc.gov.uk/incometax/relief-tools.htm.

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  5. #5
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    Default Re: Can i claim VAT back on my tools i buy for work.

    You need to become VAT Registered in order to reclaim, the only exception iare those who can claima disabled exemption and recieve the VAT back without become a registered trader.

    The usual solution is for staff to purchase their own tools through their firm, paying back only the VAT-free amount back through their wages. Because the tools are being used for the firm, VAT is rightfully reclaimed, but there are some gotcas were the tools must be in use for aset period if there is to be no clawback on the tax element.


  6. #6
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    Default Re: Can i claim VAT back on my tools i buy for work.

    You can claim tax relief on them and claim back up to 6 yearsicon. Get in touch with HMRC or go to their site and check it out. There will also be a claim formicon to download.
    You need the receipts, but if you use the likes of Snap-on, then they will be able to provide you with these if you have lost yours.

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  7. #7
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    Default Re: Can i claim VAT back on my tools i buy for work.

    Thanks Guys REP GIVEN!

    I will contact machine mart as they keep records!


  8. #8
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    Default Re: Can i claim VAT back on my tools i buy for work.

    You can certainly claim 'tax' relief, but as you were specifically asking about VAT - the answer is still no!


  9. #9
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    Default Re: Can i claim VAT back on my tools i buy for work.

    u need to be vat registered to claim back ANY vat if your self employed you can offset against any profits.


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    Default Re: Can i claim VAT back on my tools i buy for work.

    So what is the diffrence between TAX RELIEF and VAT?


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    Default Re: Can i claim VAT back on my tools i buy for work.

    Tax relief and rebates are based on your tax coding and peronal tax liabilities paid to the Revenue. VAT is a seperate tax, levied on all goods at the point of sale and charged on all goods and services at a rate of 17.5% at the Standard Rate. Companies who are VAT registered can reclaim the VAT element on the goods they supply for their own purposes (ie not for sale).


  12. #12
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    Default Re: Can i claim VAT back on my tools i buy for work.

    Quote Originally Posted by buzby View Post
    Tax relief and rebates are based on your tax coding and peronal tax liabilities paid to the Revenue. VAT is a seperate tax, levied on all goods at the point of sale and charged on all goods and services at a rate of 17.5% at the Standard Rate. Companies who are VAT registered can reclaim the VAT element on the goods they supply for their own purposes (ie not for sale).
    I think you mean 'purchase'.

    VAT registered entities can claim back input tax (ie what they need to produce). They charge VAT on output (unless a VAT exempt product)


  13. #13
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    Default Re: Can i claim VAT back on my tools i buy for work.

    BOTH terms would require a similar qualification (ie they were NOT for subsequent retail disposal).



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