Hello all,
I`m starting my own business and have been looking in to the pro`s and con`s of forming a LTD company plus being VAT registered.
I ran a buisness a few years back as a sole trader but a wasn`t VAT registered. This time round I`ll be getting a van on contract hire rental and I`ve read online that you can claim 50% of the rental and 100% of the vehicle maintenance back if your a Ltd company, not sure how true this is?
I know you have more paperwork to do if ltd and vat registered so was wondering if anyone has any experience of this.
I`m starting my own business and have been looking in to the pro`s and con`s of forming a LTD company plus being VAT registered.
I ran a buisness a few years back as a sole trader but a wasn`t VAT registered. This time round I`ll be getting a van on contract hire rental and I`ve read online that you can claim 50% of the rental and 100% of the vehicle maintenance back if your a Ltd company, not sure how true this is?
I know you have more paperwork to do if ltd and vat registered so was wondering if anyone has any experience of this.