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VAT input claim FORD transit custom2.2tdci
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2015/04/13 at 08:49:33 AM GMT
Posts: 1
VAT input claim FORD transit custom2.2tdci

Can one claim input vat on a Ford Transit Custom 2.2 TDCI ?

Where can we find out?

With thanks 

Deon

 



2015/05/15 at 05:16:22 PM GMT
Posts: 53
Short answer : yes .Broader answer assumes it is not a motor car as defined in the Vat Act(it is not a vehicle constructed wholly or mainly for carrying passengers). Secondly provided the goods (the vehicle -Ford Transit) are used by the vendor wholly in course of making taxable supplies the vat incurred qualifies as input tax & may be claimed as a deduction under section 16(3) (a) of the Act. If not used wholly for taxable supply purposes then apportionment would of vat would have to be applied.Default method for apportionment is turnover based method unless vendor has obtained approval from Commissioner to use alternative method.Hope this helps.


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