New Car Accounting New Car Accounting
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  1. #1

    jcumpsty

    Guest

    Default New Car Accounting

    I want a new car.

    Yesterday I test drove (and fell in love with) a Jaguar XK-8.

    I could save £10,000 if only I could write off the VAT.

    Is there anyway that a car can be bought by the company so that the VAT can be written off, and then sold to a company director?

    The problem is I want a NEW car but they cost £55,000.

  2. #2

    Simon SJDaccountancy

    Guest

    Default

    No.

  3. #3

    SupremeSpod

    Guest

    Default

    The problem is I want a NEW car but they cost £55,000
    Call yourself a contractor? 55K and you're whinging?

    Try leasing.

    Spod - In "Helping the paupers" mode!

  4. #4

    www 1staccountancy biz

    Guest

    Default

    Simon...like your answer....no messing about, but very true!

  5. #5

    Sysman

    Guest

    Default

    Get a van instead if you want to get your VAT back.

  6. #6

    jcumpsty

    Guest

    Default New Car Accounting

    Of course I'm Whinging.

    Who likes to pay tax???

    Do they make a Jag XK Van???

    Seriously - How would leasing help?

    Regards
    Jeff

  7. #7

    SupremeSpod

    Guest

    Default

    Seriously - How would leasing help?
    Cashflow? The fact that you don't have 55k sat on your driveway?

    Spod - In "My wife loves me so much she bought me a Range Rover" mode!

  8. #8

    roger rabbit

    Guest

    Default

    "Seriously - How would leasing help?"

    It wouldn't - you're poor. Get a scooter instead.

  9. #9

    www 1staccountancy biz

    Guest

    Default

    Spod - In "My wife loves me so much she bought me a Range Rover" mode!
    Lucky g!t !!!!!


    Darren - In "not so jealous as just picked up the new Merc" mode!!

  10. #10

    SupremeSpod

    Guest

    Default

    Darren,

    it still took me five hours to get home last Tuesday when the M62 was shut due to that idiot catching his crane on a lamp post! And the bastard didn't die!

    Spod - In "taking calm pills as we speak" mode!

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