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Old Sep 5, 2008 | 3:59 pm
  #9  
KenJohn
 
Join Date: Apr 2005
Location: LHR
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Originally Posted by JimmyTheJock
On a point of information; it's not only air travel but also rail and road travel, including taxis which are all VAT exempt.

But taxi driver / operators will register for VAT so they can claim the tax back on fuel and repairs / servicing bills.
If fares are VAT exempt, taxi driver / operators cannot register for VAT and cannot can claim the tax back on fuel and repairs / servicing bills.

As fares are 0% VAT , taxi driver / operators can register for VAT so they can claim the tax back on fuel and repairs / servicing bills.

You cannot reclaim VAT unless you charge VAT even if the VAT is a zero value - its all legal language.
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