Depreciation and VAT

Hi, our company has just registered for VAT.

I just wanted to check how this affects depreciation.

Once VAT registered, the original cost of an asset will include or exclude the VAT amount for depreciation purposes?

Many thanks in advance for your help.

Alex 

Comments
There are 2 comments. Login or register to view them.

don't include

woodsntrees |

You may be able to go back and reclaim VAT on some assets

taxhound |
taxhound's picture