Page 89 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 89
Denial of input tax: Motor cars
Complies with def of motor car = INPUT DENIED
can claim input
Exceptions – when a vendor is:
A car-dealer
Runs a car-hire business
Acquired vehicle to award as a prize
Are allowed to claim input on insurance/maintenance of a motor vehicle
Except if not separately indicated on tax invoice – then denied
