Originally posted by wettowel
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Leasing a hybrid car through a limited company
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Originally posted by TheFaQQer View PostThe line "I have a family to support and every penny counts" implied that you might be. Whether you are are or aren't fine, you should never let the tax tail rule the dog, IMHO.Comment
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In your figures, please recheck your VAT. The first section you have quoted the car costs ex VAT, then put in an additional VAT reclaim.
Also you have included NICs for BIK in the top, but ignored them in the bottom.
I suspect that if you sent figures like this through to your accountant, they aren’t going to tell you what you want to hear.
So, while you are doing a recalculation, please add in servicing costs and insurance costs for the electric car.
Also, if you are supposed to be trying to save money, why are you wasting it by changing your car every 2 years? If you were serious about saving money, buy a 1 year old GTE for £5k less.…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostIn your figures, please recheck your VAT. The first section you have quoted the car costs ex VAT, then put in an additional VAT reclaim.
Originally posted by WTFH View PostAlso you have included NICs for BIK in the top, but ignored them in the bottom.
Originally posted by WTFH View PostSo, while you are doing a recalculation, please add in servicing costs and insurance costs for the electric car.
Originally posted by WTFH View PostAlso, if you are supposed to be trying to save money, why are you wasting it by changing your car every 2 years? If you were serious about saving money, buy a 1 year old GTE for £5k less.
CheersComment
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