Depreciation and VAT

Posted by AlexAlex PM | on Wed, 07/04/2010 - 16:25 2339 2 comments | report

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

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woodsntrees | Wed, 07/04/2010 - 16:39

taxhound | Wed, 07/04/2010 - 16:51