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VAT on purchase of new van ?

TECH85 · 2017-12-17 20:06:29

Hey all So i am thinking of ordering a new van. Going to look at brand new 181 for the new year. I work in construction, limited company just myself working , and VAT registered. I havent had a chance to run through all the details with my accountant yet ,been so busy, so just looking for some info. What way does the vat…

17-12-2017 9:06pm

#1

TECH85

Registered Users, Registered Users 2 Posts: 117 ✭✭

Join Date: May 2017

Posts: 97

Hey all

So i am thinking of ordering a new van.
Going to look at brand new 181 for the new year.
I work in construction, limited company just myself working , and VAT registered.

I havent had a chance to run through all the details with my accountant yet ,been so busy, so just looking for some info.
What way does the vat get reclaimed ?
Is it a set monthly payment minus the vat or what way does it work ?

My own is probably worth about 5k , new van be around 20k plus vat.
Any info greatly appreciated.

Thanks

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