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VAT and Company car tay Advice

Type Your MessageDear Sirs, We plan to establish the limited company in UK. Our family business activity is organization of sport cars track day events and related activities on different EU tracks, mainly outside UK. We would like also invest in a new sport car, bought in UK. We have some questions about VAT and Company car tax concerning this purchase: 1. VAT reclaim for a car The car will not be registered for a road use. It will be moved from event to event, loaded on a trailer. This unregistered car could be driven only on a track and only for our business purposes (track taxi driving and sport driving lessons). Is this enough to exclude any possibility for non-business use and reclaim 100 % VAT ? 2. Company car tax The company would at beginning have no employees, no salaries, the director will also receive no salary. Most of the business (orders) will run via web pages. The shareholders of our company would be relatives, but no one of them would be a director. The director will be nominee with no capital shares and with year benefits under 8.500 pounds. As we would have also no other employees, do we fulfill the law request and be excluded from company car taxation? Kind regards Marko Paternu, Krka 64, 1301 Krka, Slovenia Mail: marko.paternu@gmail.com Mobile phone: +386 40 644 561

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