I have a client who is purchasing electric vehicles outright and then going to lease them out to customers. What is the VAT treatment?
- On the purchase of the vehicles can my client claim the VAT back on this purchase?
- Charging VAT - My client is going to be charging VAT to his customers for leasing the vehicles and paying this across in the usual routine process.
- The customers who are leasing the vehicles - do the recover 50% of the vat or full recovery?
Any guidance, links or assistance welcomed.