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Are there any VAT advantages to Contract Hire?

April 26, 2017advantages contract hire VAT

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Are there any VAT advantages to Contract Hire?

1 Answer

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Yes! If your business is VAT registered you can also claim back up to 50% of the VAT charged on the finance of the vehicle and up to 100% the VAT charged on the maintenance applicable when the vehicle is for business and private use. For vans/commercial vehicles used solely for business purposes the hirer may claim 100% of the VAT on both the finance and the maintenance.