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SHOP FIT LEASING
The Optical sector is almost unique in that it has both VATable and non-VATable supply to customers. Because of this, leasing can be especially beneficial when undertaking refurbishment as it helps the practice stay below the de-minimus VAT limit.
Complete our
 form.
 A business is allowed to recover up to £7,500 a year of non-recoverable VAT as a concession by the Inland Revenue and Customs. This amount is known as the de-minimus VAT limit.
If the amount of non-recoverable VAT in a practice exceeds this amount, then all none recoverable VAT for that year is lost.
Some or all of the VAT on a shop or consulting room refit is non-recoverable and the VAT charged on the refit can push the practice over the limit for that one year.
By utilising a lease for the refit, the VAT is paid by the leasing company and then VAT charged on each monthly payment. This has the result of spreading the VAT over the period of the lease, up to five years if desired.
The same rules apply for any equipment acquired by the practice.
Complete our
form.
If you would like further information on de-minimus VAT and leasing, simply call us on 01934 853 333 or complete the information request form and one of our expert consultants will contact you for an informal chat about your requirements.
All quotations are given with no obligation and enquiries are treated in the strictest of confidence.
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