This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Van purchase AIA and Vat

iclubb
Posts:1
Joined:Thu Mar 10, 2016 5:45 pm
Van purchase AIA and Vat

Postby iclubb » Thu Mar 10, 2016 5:52 pm

I am a VAT registered Sole Trader and I'm going to buy a van and I want to claim the AIA of the cost of the van and reclaim the full cost of the VAT at time of purchase. Is HP the only option of finance or could PCP allow me to claim both AIA and VAT?

RMC
Posts:435
Joined:Wed Aug 06, 2008 3:35 pm

Re: Van purchase AIA and Vat

Postby RMC » Thu Mar 10, 2016 9:58 pm

HP and PCP purchases are both eligible for AIA, if you have not saved for the van. What matters for input VAT claim is whether output VAT is charged.


Return to “General”