MSC to Limiteds

[Nixon Williams]

Can you still claim vat back on purchases?

You get a 1% discount on the rate in year 1, so in IT, the rate is normally 13%, but reduced to 12% in the first year.

No VAT is reclaimed but you can on any assets purchased in excess of £2000 - this has to be a single asset, so in most cases the VAT on a PC etc will not be reclaimed as few will cost in excess of £2K.

Alan

[cityboy]

Thank you