VATupdate

Share this post on

Btw correction for private use of leased car is 2.7%, not 1.5%

  • Low VAT correction for private use of company car not applicable for leased cars
  • Company leased VW Golf to director without charge, triggering VAT correction
  • Company wanted to use 1.5% VAT correction, but tax authority approved 2.7% instead
  • Court sided with tax authority, stating conditions for lower VAT correction not met for leased cars

Source: taxence.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements:

  • AXWAY - VATupdate Banner
  • VAT LG Logo