Just wanted to see who's done this? I'm not vat registered but am a ltd co, and wanted to put the van (a T32 Kombi) through the biz. About 80% use will be business, and also have use of the wife's car for any other personal trips.
Was looking at putting down a cash deposit and the rest on HP or personal loan.
Could the business put down the cash deposit and make the HP payments? Or is it better to purchase personally and then charge the biz milage etc?
Was made aware of the horrid benefit in kind tax but is that only applicable if vat is reclaimed? I've asked my accountant all this but wanted to ask here too!
Thanks for any advice!
Was looking at putting down a cash deposit and the rest on HP or personal loan.
Could the business put down the cash deposit and make the HP payments? Or is it better to purchase personally and then charge the biz milage etc?
Was made aware of the horrid benefit in kind tax but is that only applicable if vat is reclaimed? I've asked my accountant all this but wanted to ask here too!
Thanks for any advice!