We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Parking on front of shop.
Options
Comments
-
-
you have to be polite about these things, you can get his car towed, but he is a lowlife and can make your life hell. vandalise your property when you're out etc.0
-
Every "tax-deductable" pound will cost you 80p, rather than "nothing at all".
yeah what !!!!!! math. When my business became VAT registered some ingenious guy suggested that I buy a brand new car through the company cos it will be vat free. I asked him so whose going to pay the 82% [rough estimate] of the cost of the car?
corporation tax is 20%, for any tax deducable expenses you make. 20% is reduced from your tax owed, and 80% is reduced for your pocket.0 -
londonTiger wrote: »yeah what !!!!!! math.
Over here, we prefer to call it 'maths'. As in 'mathematics'. With an 's'.0 -
londonTiger wrote: »yeah what !!!!!! math. When my business became VAT registered some ingenious guy suggested that I buy a brand new car through the company cos it will be vat free. I asked him so whose going to pay the 82% [rough estimate] of the cost of the car?
corporation tax is 20%, for any tax deducable expenses you make. 20% is reduced from your tax owed, and 80% is reduced for your pocket.
:rotfl:
One of the few things for which the VAT is not reclaimable as an input.
On the other hand if you are a VAT registered company then something (other than a car) that costs £100 retail will actually cost you £69.44 after reclaiming the VAT and setting the net figure against Corporation Tax.0 -
shaun_from_Africa wrote: »The first thing that I would be doing is to check that the vehicle that is being parked there is totally legal (MOT, tax and insurance) and if not, then reporting it to the police.
These are easy to check online:
MOT & tax
https://www.vehicleenquiry.service.gov.uk/
Insurance.
http://ownvehicle.askmid.com/askmid.aspx
DON'T check the insurance using the link above. I did this once for a car that was abandoned in our street and mentioned it to the police. A PCSO came round to tell me off because you're only allowed to use Askmid to check your own vehicle. So embarrassing.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards