Tax & VAT Questions
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Do I need to be Vat registered? |
No you don’t need to be VAT registered to lease a van from us. If you become VAT registered in the future you can start to reclaim the VAT from each monthly rental. Add to this that unlike a hire purchase agreement you don’t need to pay all the VAT in advance this makes leasing even more attractive if you aren’t VAT registered.
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What are the Tax benefits of leasing? |
Each time you make a leasing payment this is treated as a business expense and is 100% allowable against taxable profit. |