Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration
Home Saved articles Viewed items Login Contact Free Trial
|

New queries, issue 4384

© Copyright LexisNexis 2024. All rights reserved.

18 December 2012
Issue: 4384 / Categories: Forum & Feedback
Sleighed; I’ll be back; Season of goodwill; Reduced plot

Sleighed

We act on behalf of an elderly gentleman who delivers toys on a self-employed basis. He is paid very little for this but the toy manufacturer for whom he carries out this work does provide him with a sleigh and some reindeer to pull it.

The toy manufacturer insures the vehicle and reindeer and pays for the regular services and repairs.

All our client basically has to do is feed the reindeer. The manufacturer has from time to time suggested that they would be happy to replace the sleigh with a van but to continue the same basic conditions (they pay tax insurance and repairs and the client pays for the fuel) but our client is a traditionalist and seems happy to stick to the present arrangement.

Our question is how we should treat the sleigh (or van as it could conceivably be in future)...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

RELATED ARTICLES
 

Claus v HMRC
READERS' FORUM premium icon
Read All
Tax tip: National Insurance contributions Readers’ forum: Treatment of shares in freehold on disposal Readers’ forum: Sale of personal collection of rare dolls Readers’ forum: HMRC’s attitude to failed R&D claim Readers’ forum: Order of reliefs after donor’s unexpected death
FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

NEWS premium icon
Read All
Returns submission when exempt from MTD for VAT Spotlight targets disguised employment income scheme Massive hike in VAT receipts in 2023-24 EU council agrees on VAT in the digital age package Private schools challenge VAT on fees
DEADLINE DATES
CASES premium icon
Read All
Recovery of an invalid refund Interactions with HMRC’s online system Expenditure was not subsidised Legitimate expectation after HMRC instruction Failed sub-sale scheme results in higher liability
MOST POPULAR
This week's opinion: 14 November 2024 Returns submission when exempt from MTD for VAT Spotlight targets disguised employment income scheme Massive hike in VAT receipts in 2023-24 EU council agrees on VAT in the digital age package
Copyright © 2024 LexisNexis
back to top icon