leasing cars

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Leasing a car

What are the VAT pros and cons of leasing cars?

28th May 2024
You are considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Is this correct?  Naomi Swan explains the rules. Generally, VAT paid on the purchase of cars for use in your business...

Group registration and leasing cars

10th January 2024
Your business is registered as a VAT group and is partially exempt. All cars are leased through one group member that only has taxable income. How much input tax can you claim on the leasing payments and what other issues must you consider?  Associate, Bob Johnstone from our Galashiels office explains in this article. Even...