Upon VAT registration, I can go back 4 years and claim back the input VAT on assets purchased.
There is a van which is on a finance lease which started 3 years prior to vat registration and still has another 1 year to go post registration.
Payments are £200 + vat per month with a final rental of £4000 + vat
My question is, can I claim back the vat on these lease payments for the 3 years prior to vat registration.
Any help is gratefully received !!
Ian
Replies (1)
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Pre-registration input tax
the problem is that a lease is a supply of services; the rules allow only 6 months of input tax in this circumstance.