types of finance
The type of finance that will be most suitable will depend on a number of factors. These will include the annual capital expenditure for the business and whether it is VAT registered.
We would always suggest that requirements are discussed with the company’s accountant to determine which option is best. We are also happy to speak with them to answer any questions they may have.
lease rental
lease rental
VAT payable on each rental - Various options to retain the asset at the end of the lease - Accounted for as revenue expenditure
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hire purchase
VAT payable up front - Option to purchase fee with last payment -
Accounted for as capital expenditure
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