Leases and VAT
2 posts • Page 1 of 1
Leases and VAT
by jasonpaul40 on Fri Sep 30, 2011 10:45 am
Where I have a tax invoice for the supply of leased equipment (commercial/business use and not a car) at the start of the lease I trust I can claim the full input VAT even though the payments will be made on a monthly basis, over a 5 year period? Any difference between operating and finance lease re this?
- jasonpaul40
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Re: Leases and VAT
by les35 on Fri Sep 30, 2011 11:05 am
I would expect the lessor to invoice you monthly with VAT, which is deductible, subject to the usual rules.
VAT is generally charged in full only on a Hire Purchase agreement. I think you will have to check the small print!
VAT is generally charged in full only on a Hire Purchase agreement. I think you will have to check the small print!
- les35
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- Joined: Wed Aug 06, 2008 3:09 pm
2 posts • Page 1 of 1
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