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Post Info TOPIC: Vat - company cars ??


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Vat - company cars ??
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Hi
My client has purchased 3 company vehicles, one is a lease purchase and the other HP and one outright purchase through the company.
Can you please clarify the vat situation on each vehicle please, I have looked into this and i am getting a tad confused?
Many thanks,Rhodes.

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?



-- Edited by rhodes at 21:44, 2008-08-30

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Hi there

Don't get too impatient if you don't get a response within 45 mins, let alone on a Saturday night!

Your thread title indicates the vehicles are cars.  Non-commercial vehicles (regardless of usage such as cars) are not VAT-Reclaimable so the full cost will be applied, regardless of how they're being paid for.

John Gesch
The Accountants Circle
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John Gesch
The Accountants Circle
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Hi John,

Thank you for your reply it has been very helpful. The second post was an error on my behalf so I wasnt really being impatient but I can see how you thought that.....

Cheers, Rhodes.

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