Van finance

Right, drove transit 20 plate, really liked it, absolutely top of the top of vans. Would love one but payments are fair but high. Then later today I looked at 17 plate transit custom and although quite basic compared to 20 plate the payments and deposit are piss cheap and I would own the van at the end. It's got 30k miles and full service history. Any thoughts? Cheers.
 
Kasper said:
Right, drove transit 20 plate, really liked it, absolutely top of the top of vans. Would love one but payments are fair but high. Then later today I looked at 17 plate transit custom and although quite basic compared to 20 plate the payments and deposit are piss cheap and I would own the van at the end. It's got 30k miles and full service history. Any thoughts? Cheers.
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Get taxman to buy it for you, Imago said it's ok.
 
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essexandy said:
I had a call from my accountant some years ago, it went something like this; "Andy you've had a really good year and are going to get a big tax bill unless you buy something big for the business. Maybe buy a new van? You can either spend big and have something to show for it or just pay it in tax, your choice." I went and bought a Vito on the last day of the tax year.
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You cannot put the cost of a new van through one years tax bill.
It would have to be written down over about 4 years minimum.
 
Kasper said:
Right, drove transit 20 plate, really liked it, absolutely top of the top of vans. Would love one but payments are fair but high. Then later today I looked at 17 plate transit custom and although quite basic compared to 20 plate the payments and deposit are piss cheap and I would own the van at the end. It's got 30k miles and full service history. Any thoughts? Cheers.
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Try and push for an 18 plate if you can - that’s the new shape and the tech is current.
 
tapit said:
You cannot put the cost of a new van through one years tax bill.
It would have to be written down over about 4 years minimum.
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Every1 knows this,ive had a accountant for about 30 years so I know whats what.people saying taxman pays for it is laughable,yes you get the outlay back off your tax in some way but it takes years and isn't as straightforward as the saying oh well tax man pays for my van hahahaha
 
Kasper said:
Right, drove transit 20 plate, really liked it, absolutely top of the top of vans. Would love one but payments are fair but high. Then later today I looked at 17 plate transit custom and although quite basic compared to 20 plate the payments and deposit are piss cheap and I would own the van at the end. It's got 30k miles and full service history. Any thoughts? Cheers.
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Whats monthly payments on 20 plate that your forwarding to taxman? Because he's buying it for you at end of day so make sure you ring hmrc on Monday to make sure there have got the coffers as times are tight so ask rishi 1st
 
Kinkyboy said:
Whats monthly payments on 20 plate that your forwarding to taxman? Because he's buying it for you at end of day so make sure you ring hmrc on Monday to make sure there have got the coffers as times are tight so ask rishi 1st
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f**k, if taxman is paying might as well go for vw transporter + hookers on the back
 
On a £20,000 van over 4 years depreciation @25% tax rate.
your cost for van about £3375 per year. Tax mans contribution £1125.
Hardly buying your van are they?
@imago @owls Submit?
 
Kasper said:
f**k, if taxman is paying might as well go for vw transporter + hookers on the back
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Ye you see how it works,you pay say £320 a month for top of range van and tax man gives you it all back at end of tax year year,that's how it works you see hahahaha
 
Kinkyboy said:
Every1 knows this,ive had a accountant for about 30 years so I know whats what.people saying taxman pays for it is laughable,yes you get the outlay back off your tax in some way but it takes years and isn't as straightforward as the saying oh well tax man pays for my van hahahaha
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tapit said:
On a £20,000 van over 4 years depreciation @25% tax rate.
your cost for van about £3375 per year. Tax mans contribution £1125.
Hardly buying your van are they?
@imago @owls Submit?
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Oh dear gentlemen, you really don't have a scooby do you? :LOL: You can use depreciation and spread it over a period of years, or you can take the lot off in one years as a capital investment.You choose which method suits you and your business best.

It's one thing to not know something, but to argue against something when you haven't a clue takes a special kind of tw4t. What a pair of utter clowns. Paying an accountant for 30 years to do what? Lick your stamps?

PURCHASING A VAN THROUGH YOUR LIMITED COMPANY
Vans are classified as plant and machinery for tax purposes. As such they qualify for 100% allowances under the Annual Investment Allowance regime. This means you get a deduction for 100% of the cost to reduce your company’s taxable profits.
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CAA01/S38A and S38B, S51A to S51N
What is the Annual Investment Allowance (AIA)?
The AIA is effectively a 100% first-year allowance for business expenditure on almost all plant or machinery (apart from cars) capped at a maximum allowance. It is available to businesses regardless of their size or legal form.
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Do you believe what HMRC say or do you know better than them as well you absolute whoppers?
 
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imago said:
Oh dear gentlemen, you really don't have a scooby do you? :LOL: You can use depreciation and spread it over a period of years, or you can take the lot off in one years as a capital investment.You choose which method suits you and your business best.

It's one thing to not know something, but to argue against something when you haven't a clue takes a special kind of tw4t. What a pair of utter clowns. Paying an accountant for 30 years to do what? Lick your stamps?





Do you believe what HMTC say or do you know better than them as well you absolute whoppers?
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I dont know why you even bother .... :rolleyes:
Its the tape King and cockyboy ffs:risas:
 
imago said:
Oh dear gentlemen, you really don't have a scooby do you? :LOL: You can use depreciation and spread it over a period of years, or you can take the lot off in one years as a capital investment.You choose which method suits you and your business best.

It's one thing to not know something, but to argue against something when you haven't a clue takes a special kind of tw4t. What a pair of utter clowns. Paying an accountant for 30 years to do what? Lick your stamps?





Do you believe what HMRC say or do you know better than them as well you absolute whoppers?
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I was wondering when my monkey was coming to the party,dance monkey dance
 
Kinkyboy said:
Ye course you are imago,course you are hahaha
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I genuinely am, there's no worries on this side.

If it amuses you to leave written evidence that you haven't the first clue about running a business why would it concern me? Equally you bullsh1tting about having an accountant for 30 years causes me no pain. It's a strange hobby granted, but you're doing no one else any harm so crack on and enjoy yourself. (y)

I bit like a hungry hippo at the 'warning' that's all, and freely admit you scored a bullseye there. Points awarded for that one.
 
Fatarm said:
Like tapytape?
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Van finance
 
imago said:
I genuinely am, there's no worries on this side.

If it amuses you to leave written evidence that you haven't the first clue about running a business why would it concern me? Equally you bullsh1tting about having an accountant for 30 years causes me no pain. It's a strange hobby granted, but you're doing no one else any harm so crack on and enjoy yourself. (y)

I bit like a hungry hippo at the 'warning' that's all, and freely admit you scored a bullseye there. Points awarded for that one.
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Thanks for that
 
imago said:
Oh dear gentlemen, you really don't have a scooby do you? :LOL: You can use depreciation and spread it over a period of years, or you can take the lot off in one years as a capital investment.You choose which method suits you and your business best.

It's one thing to not know something, but to argue against something when you haven't a clue takes a special kind of tw4t. What a pair of utter clowns. Paying an accountant for 30 years to do what? Lick your stamps?





Do you believe what HMRC say or do you know better than them as well you absolute whoppers?
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Same thing if you use annual allowance for full amount of van cost you still pay majority of cost for van.
The amount of tax you pay is the taxmans contribution to your van, it's that simple.
 
imago said:
I genuinely am, there's no worries on this side.

If it amuses you to leave written evidence that you haven't the first clue about running a business why would it concern me? Equally you bullsh1tting about having an accountant for 30 years causes me no pain. It's a strange hobby granted, but you're doing no one else any harm so crack on and enjoy yourself. (y)

I bit like a hungry hippo at the 'warning' that's all, and freely admit you scored a bullseye there. Points awarded for that one.
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:endesacuerdo:
Some are thick as a brick...
 
Some people are happy to drive old vans around, my astra is eleven years old and i do ok with work, always have plenty on, get most of my stuff delivered, mostly screed anyway so no expensive van could cater for that.
Never understand all this brand new van tripe, gang of plasterers round my way all drive spankers top of the range vans- but their work is shocking !!
Book by its cover and all that :ROFLMAO:
 
markyspread said:
Some people are happy to drive old vans around, my astra is eleven years old and i do ok with work, always have plenty on, get most of my stuff delivered, mostly screed anyway so no expensive van could cater for that.
Never understand all this brand new van tripe, gang of plasterers round my way all drive spankers top of the range vans- but their work is shocking !!
Book by its cover and all that :ROFLMAO:
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You ain’t based in Glasgow by any chance are you??
 
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