Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: A@R WINDOWCLEANING on December 09, 2011, 07:13:33 pm

Title: new van (tax reasons)
Post by: A@R WINDOWCLEANING on December 09, 2011, 07:13:33 pm

need some advice, my accountant said it is in my intrest to get new van or pay alot of tax this year has anybody done this in the past ?

Title: Re: new van (tax reasons)
Post by: Lee GLS on December 09, 2011, 07:15:30 pm

It's common practice to offset your tax payment, there is nothing wrong with it.

Title: Re: new van (tax reasons)
Post by: jonboywalton75 on December 09, 2011, 07:41:22 pm

Yeah, leasing works for me.

Title: Re: new van (tax reasons)
Post by: JSMC on December 09, 2011, 11:57:52 pm

heard loads not liking lease deals as so many different types of deal. also do you not pay VAT upfront? the  there is the problem if you modify the van you can be charged etc. Lease deals with balloon payments and so on.

also like to hear others thoughts on lease deals.

Title: Re: new van (tax reasons)
Post by: Gav Camm lammy 283 on December 10, 2011, 12:35:36 am

jsmc giza bell on 07870537069
a gud friend ov mine
can advise you all roads
buying a van yes vat up front
so on a 10k van its 2k spent

Title: Re: new van (tax reasons)
Post by: dd on December 10, 2011, 09:22:21 am

Unless you are paying 40% tax IMO mot a valid reason to change your van. Another option to reduce tax is paying money into a pension.