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Cross charging of Car use between 2 companies

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Richard Evans

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Jul 29, 2018, 11:13:06 AM7/29/18
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Company A has a works Car but Company A is not VAT Registered

Company B is VAT registered but sometimes has use of Company A's Car

A vehicle mileage record is logged to record the use etc of the car.


What would be the best way in order to cross charge the use of the Car from Company A to Company B ? Can Company B reclaim VAT on this?

Thanks in Advance for any help,

Richard


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