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I'm Confused - Is This Hire Purchase Or PCP?
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Though Mercedes Agility is a personal contract plan, not a business one.0
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How do they treat sole traders? Some would count them as personal given its the individual thats liable not a seperate legal entityGoudy said:Though Mercedes Agility is a personal contract plan, not a business one.0 -
If you are registered for VAT why would to take a personal lease contract that you pay 100% of the VAT on.
Surely you'd take a business lease and reclaim the VAT for business use, what they call 50/50.
So you'd only pay 50% of the VAT due.
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If the lease is titled business or personal will make no difference to a sole trader and their ability to recover the VATGoudy said:If you are registered for VAT why would to take a personal lease contract that you pay 100% of the VAT on.
Surely you'd take a business lease and reclaim the VAT for business use, what they call 50/50.
So you'd only pay 50% of the VAT due.0
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