Hi. We are a limited company but not VAT registered. If we lease a new van can we claim all/some/none of the VAT back? Thanks.
Our expert Richard answered...
Hi Graham, thank you for leaving your question on the site. As far as I am aware if you are not VAT registered you will not be able to claim the VAT back. However, you will be able to offset the full rental (including VAT) against your tax. Please check this with your accountant to make sure this is viable for you and your business.Kind regards, Richard Wells.