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jcumpsty
1st March 2004, 04:20
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.

Simon SJDaccountancy
1st March 2004, 13:39
No.

SupremeSpod
1st March 2004, 13:53
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!

www 1staccountancy biz
1st March 2004, 14:04
Simon...like your answer....no messing about, but very true!

Sysman
1st March 2004, 14:15
Get a van instead if you want to get your VAT back.

jcumpsty
1st March 2004, 14:25
Of course I'm Whinging.

Who likes to pay tax???

Do they make a Jag XK Van???

Seriously - How would leasing help?

Regards
Jeff

SupremeSpod
1st March 2004, 17:06
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!

roger rabbit
1st March 2004, 17:09
"Seriously - How would leasing help?"

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

www 1staccountancy biz
1st March 2004, 19:44
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!!

SupremeSpod
2nd March 2004, 09:30
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!

www 1staccountancy biz
2nd March 2004, 14:56
Was travelling back from Rochdale when it happenned.....very lucky! Managed to avoid it coming back to Huddersfield by taking the A640....phew!

Bit of a nasty one a few weeks previous....got caught in that one & took 4 hours to get home! >: