Capital goods are items of capital expenditure that are used in a business for more than one year and that have an acquisition cost exceeding €3,000. Businesses that will use the capital item for both taxable and exempt business purposes will need to restrict the amount of input VAT recovered when the asset is purchased and over its capital goods scheme adjustment period.
The amount of input VAT that is deducted in the VAT year
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:36