nickyboy
Norven Mankey
- Location
- You want hills? We got hills
You say you're not seeking to defraud the taxman but what you're proposing is exactly that.
If the bike is bought by the company and given to someone it cannot recover the VAT.
If the company donates it or whatever to a cycling club that would be ok if it could be shown that the bike was not for a particular person who happened to be a partner in the firm. Any half decent VAT or IR inspector would see right through this
If the bike is bought by the company and given to someone it cannot recover the VAT.
If the company donates it or whatever to a cycling club that would be ok if it could be shown that the bike was not for a particular person who happened to be a partner in the firm. Any half decent VAT or IR inspector would see right through this