Q1. Change of use of business asset

VAT

Private use of business asset

- Deemed supply

XX

Legislation:

Cases:

HMRC manuals:

Commentary:

- Change of use of car on which input VAT recovery not initially blocked: potential deemed supply

- Where input VAT recovery is not blocked on acquiring a car, but the car is later used in such a way that if it had been supplied at that time, input recovery would have been blocked, there is a deemed supply at its current value.

- Query how this works given that original recovery depends on intention as to use, not actual use.

Legislation: SI 1992/3211, Art 5;