Please help

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Dow Jones replied

29 January 2008, 12:49
Get some back

If you are VAT-registered, you can claim the VAT for the purchase/hire of the van (same as for any tools) - part of your work
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EqualOpportunities replied

29 January 2008, 12:37
A mate of mine contract hires Citroen Berlingos for 26 quid/week if that's any help...
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someone has my name replied

29 January 2008, 12:17
Best bet is to talk to an accountant.
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crad_01 started a topic Please help

29 January 2008, 06:01
Please help

I am about to set up as a sole trader in the Building Industry for which I will need to Purchase a van. Please can someone advise me of the most efficient method with which to make my purchase? I understand there are basically three main ways to finance a vehicle, Finance Lease, Hire purchase and Contract hire. Finance Lease appears to be the most suitable and affordable however I am unsure whether I will receive the maximum tax benefit as I doubt I will be vat registered for a few years yet.

Thank you in advance for your help
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